Collected papers on monetary theory / Robert E. Lucas, Jr. ; edited by Max Gillman.

Format:

Book

Author/Creator:

Lucas, Robert E., Jr.

Contributor:

Gillman, Max.

Language:

English

Subjects (All):

Monetary policy.

Money.

Lucas, Robert E., Jr.

Lucas, Robert E.

Physical Description:

xxvii, 538 pages : illustrations ; 25 cm

Place of Publication:

Cambridge, Mass. : Harvard University Press, 2013.

Summary:

This volume collects 21 papers on monetary theory by the influential Nobel-winning economist Robert E. Lucas (a student of Milton Friedman based at the U. of Chicago). Published between 1972 and 2007, the papers address three broad topics of Lucas's monetary theory: core monetary theory and public finance, asset pricing, and the real effects of monetary instability. "Insofar as they can be said to have a common theme," editor Gillman (economics, Cardiff Business School Wales) writes, "it would be the application of the theory of general equilibrium dynamics to a set of problems that had previously been studied using other, less powerful methods." Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)

Contents:

1 Expectations and the Neutrality of Money: Journal of Economic Theory 1

2 Asset Prices in an Exchange Economy: Econometrica 25

3 Equilibrium in a Pure Currency Economy: Economic Inquiry 45

4 Two Illustrations of the Quantity Theory of Money: American Economic Review 65

5 Discussion of Stanley Fischer, "Towards an Understanding of the Costs of Inflation: II": Carnegie-Rochester Conference Series on Public Policy 81

6 Interest Rates and Currency Prices in a Two-Country World: Journal of Monetary Economics 90

7 Optimal Fiscal and Monetary Policy in an Economy without Capital (with Nancy L. Stokey): Journal of Monetary Economics 118

8 Money in a Theory of Finance: Carnegie-Rochester Conference Series on Public Policy 161

9 Principles of Fiscal and Monetary Policy: Journal of Monetary Economics 193

10 Money and Interest in a Cash-in-Advance Economy (with Nancy L. Stokey): Econometrica 214

Addendum: Money and Interest in a Cash-in-Advance

Economy: A Reply (with Nancy L. Stokey) Econometrica

11 Money Demand in the United States: A Quantitative Review: Carnegie-Rochester Conference Series on Public Policy 246

12 The Effects of Monetary Shocks When Prices Are Set in Advance: Unpublished manuscript 272

13 Liquidity and Interest Rates: Journal of Economic Theory 300

14 Supply-Side Economics: An Analytical Review: Oxford Economic Papers 331

15 Review of Milton Friedman and Anna J. Schwartz, A Monetary History of the United States, 1867-1960: Journal of Monetary Economics 361

16 Nobel Lecture: Monetary Neutrality: Journal of Political Economy 375

17 Inflation and Welfare: Econometrica 400

18 Interest Rates and Inflation (with Fernando Alvarez and Warren Weber): American Economic Review 433

19 Macroeconomic Priorities: American Economic Review 445

20 Menu Costs and Phillips Curves (with Mikhail Golosov): Journal of Political Economy 469

21 Occasional Pieces: The Death of Keynesian Economics 500

Issues and Ideas

Keynote Address to the 2003 HOPE Conference: My Keynesian Education

History of Political Economy

Review of Robert Skidelsky, John Maynard Keynes, Volumes 1 and 2

Journal of Modern History

Panel Discussion: Is Science Replacing Art?

Monetary Policy: A Journey from Theory to Practice.

Notes:

Includes bibliographical references and index.

ISBN:

9780674066878

0674066871

OCLC:

792887036