Authors
Citation
Tj. Sargent, EXPECTATIONS AND THE NONNEUTRALITY OF LUCAS, Journal of monetary economics, 37(3), 1996, pp. 535-548
Citations number
56
Categorie Soggetti
Business Finance",Economics
Journal title
ISSN journal
03043932
Volume
37
Issue
3
Year of publication
1996
Pages
535 - 548
Database
ISI
SICI code
0304-3932(1996)37:3<535:EATNOL>2.0.ZU;2-Q
Abstract
This paper was written to kick off the conference celebrating the anni
versary of Lucas's 'Expectations and the Neutrality of Money'. It reca
lls the state of macroeconomics in the late 1960's, cites some technic
al and substantive precursors of Lucas's idea, and explores the legaci
es of the equilibrium concept, monetarism, fiscalism, and standards pr
oposed in Lucas's paper.