Collected Papers on Monetary Theory (Hardback)
  • Collected Papers on Monetary Theory (Hardback)
zoom

Collected Papers on Monetary Theory (Hardback)

(author), (editor)
£69.95
Hardback 568 Pages
Published: 07/01/2013
  • We can order this from the publisher

UK delivery within 4-5 weeks

  • This item has been added to your basket

Robert 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.

Publisher: Harvard University Press
ISBN: 9780674066878
Number of pages: 568
Dimensions: 235 x 156 mm

You may also be interested in...

The Invisible Hand
Added to basket
£6.99
Paperback
Debt
Added to basket
£18.99
Paperback
Guns, Germs and Steel
Added to basket
Poor Economics
Added to basket
Competition Policy
Added to basket
£54.99
Paperback
The Money Machine
Added to basket
£10.99
Paperback
The Economics Book
Added to basket
DK
£19.99
Hardback
The Essential Keynes
Added to basket
Small Is Beautiful
Added to basket
The Wealth of Nations
Added to basket
£12.99
Paperback
The Rise and Fall of the Great Powers
Added to basket
The Making of the English Working Class
Added to basket
Capital
Added to basket
£9.99
Paperback
Boomerang
Added to basket
£10.99
Paperback
Why Nations Fail
Added to basket
£12.99
Paperback
Superfreakonomics
Added to basket

Please sign in to write a review

Your review has been submitted successfully.

env: aptum
branch: