LEADER 04374nam 2200625Ia 450 001 9910810419303321 005 20240416154700.0 010 $a0-674-07121-2 010 $a0-674-06785-1 024 7 $a10.4159/harvard.9780674067851 035 $a(CKB)2670000000330036 035 $a(EBL)3301175 035 $a(SSID)ssj0000782916 035 $a(PQKBManifestationID)11507850 035 $a(PQKBTitleCode)TC0000782916 035 $a(PQKBWorkID)10746434 035 $a(PQKB)11641579 035 $a(MiAaPQ)EBC3301175 035 $a(DE-B1597)178048 035 $a(OCoLC)819325470 035 $a(OCoLC)840438513 035 $a(DE-B1597)9780674067851 035 $a(Au-PeEL)EBL3301175 035 $a(CaPaEBR)ebr10633340 035 $a(OCoLC)923119102 035 $a(EXLCZ)992670000000330036 100 $a20120509d2013 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCollected papers on monetary theory /$fRobert E. Lucas, Jr. ; edited by Max Gillman 205 $a1st ed. 210 $aCambridge, Mass. $cHarvard University Press$d2013 215 $a1 online resource (540 p.) 300 $aDescription based upon print version of record. 311 0 $a0-674-06687-1 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tContents --$tPreface --$tIntroduction --$t1 Expectations and the Neutrality of Money --$t2 Asset Prices in an Exchange Economy --$t3 Equilibrium in a Pure Currency Economy --$t4 Two Illustrations of the Quantity Theory of Money --$t5 Discussion of Stanley Fischer, "Towards an Understanding of the Costs of Inflation: II" --$t6 Interest Rates and Currency Prices in a Two-Country World --$t7 Optimal Fiscal and Monetary Policy in an Economy without Capital (with Nancy L. Stokey) --$t8 Money in a Theory of Finance --$t9 Principles of Fiscal and Monetary Policy --$t10 Money and Interest in a Cash-in- Advance Economy (with Nancy L. Stokey) --$t11 Money Demand in the United States: A Quantitative Review --$t12 The Effects of Monetary Shocks When Prices Are Set in Advance --$t13 Liquidity and Interest Rates --$t14 Supply-Side Economics: An Analytical Review --$t15 Review of Milton Friedman and Anna J. Schwartz --$t16 Nobel Lecture: Monetary Neutrality --$t17 Inflation and Welfare --$t18 Interest Rates and Inflation (with Fernando Alvarez and Warren Weber) --$t19 Macroeconomic Priorities --$t20 Menu Costs and Phillips Curves (with Mikhail Golosov) --$t21 Occasional Pieces --$tIndex 330 $aRobert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin, and Milton Friedman (his teacher), Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. Lucas's contributions are both methodological and substantive. Methodologically, he developed dynamic, stochastic, general equilibrium models to analyze economic decision-makers operating through time in a complex, probabilistic environment. Substantively, he incorporated the quantity theory of money into these models and derived its implications for money growth, inflation, and interest rates in the long run. He also showed the different effects of anticipated and unanticipated changes in the stock of money on economic fluctuations, and helped to demonstrate that there was not a long-run trade-off between unemployment and inflation (the Phillips curve) that policy-makers could exploit. The twenty-one papers collected in this volume fall primarily into three categories: core monetary theory and public finance, asset pricing, and the real effects of monetary instability. Published between 1972 and 2007, they will inspire students and researchers who want to study the work of a master of economic modeling and to advance economics as a pure and applied science. 606 $aMonetary policy 606 $aMoney 615 0$aMonetary policy. 615 0$aMoney. 676 $a339.53 700 $aLucas$b Robert E$0127091 701 $aGillman$b Max$01087917 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910810419303321 996 $aCollected papers on monetary theory$93991140 997 $aUNINA