Expectations and the nonneutrality of Lucas

Thomas J. Sargent

doi:10.1016/0304-3932(96)01256-1

Expectations and the nonneutrality of Lucas

Thomas J. Sargent

Research output: Contribution to journal › Article › peer-review

Abstract

This paper was written to kick off the conference celebrating the anniversary of Lucas's 'Expectations and the Neutrality of Money'. It recalls the state of macroeconomics in the late 1960's, cites some technical and substantive precursors of Lucas's idea, and explores the legacies of the equilibrium concept, monetarism, fiscalism, and standards proposed in Lucas's paper.

Original language	English (US)
Pages (from-to)	535-548
Number of pages	14
Journal	Journal of Monetary Economics
Volume	37
Issue number	3
DOIs	https://doi.org/10.1016/0304-3932(96)01256-1
State	Published - Jun 1996

Keywords

Competitive equilibrium
Dynamic
Rational expectations
Recursive
Stochastic

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0304-3932(96)01256-1

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Expectations and the nonneutrality of Lucas

Abstract

Keywords

ASJC Scopus subject areas

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