Collected Papers on Monetary Theory PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Collected Papers on Monetary Theory PDF full book. Access full book title Collected Papers on Monetary Theory by Robert E. Lucas Jr.. Download full books in PDF and EPUB format.
Author: Robert E. Lucas Jr.
Publisher: Harvard University Press
ISBN: 0674071212
Category : Business & Economics
Languages : en
Pages : 517
Get Book Here
Book Description
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.
Author: Robert E. Lucas Jr.
Publisher: Harvard University Press
ISBN: 0674071212
Category : Business & Economics
Languages : en
Pages : 517
Get Book Here
Book Description
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.
Author: Erricos John Kontoghiorghes
Publisher: Springer Science & Business Media
ISBN: 1475736134
Category : Business & Economics
Languages : en
Pages : 626
Get Book Here
Book Description
Computing has become essential for the modeling, analysis, and optimization of systems. This book is devoted to algorithms, computational analysis, and decision models. The chapters are organized in two parts: optimization models of decisions and models of pricing and equilibria.
Author: Hans M. Amman
Publisher: Springer Science & Business Media
ISBN: 1475726449
Category : Business & Economics
Languages : en
Pages : 365
Get Book Here
Book Description
This volume contains a selection of papers presented at the first conference of the Society for Computational Economics held at ICC Institute, Austin, Texas, May 21-24, 1995. Twenty-two papers are included in this volume, devoted to applications of computational methods for the empirical analysis of economic and financial systems; the development of computing methodology, including software, related to economics and finance; and the overall impact of developments in computing. The various contributions represented in the volume indicate the growing interest in the topic due to the increased availability of computational concepts and tools and the necessity of analyzing complex decision problems. The papers in this volume are divided into four sections: Computational methods in econometrics, Computational methods in finance, Computational methods for a social environment and New computational methods.£/LIST£
Author: John Eatwell
Publisher: Springer
ISBN: 1349117218
Category : Business & Economics
Languages : en
Pages : 869
Get Book Here
Book Description
The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave , this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.
Author:
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 1206
Get Book Here
Book Description
Author: National Bureau of Economic Research
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 816
Get Book Here
Book Description
Author: Jenny Xiaoe Li
Publisher:
ISBN:
Category :
Languages : en
Pages : 222
Get Book Here
Book Description
Author: David E. Bloom
Publisher:
ISBN:
Category : Cohort analysis
Languages : en
Pages : 28
Get Book Here
Book Description
This paper develops a general procedure for estimating age, period, and cohort effects in demographic data. The procedure involves structuring, mathematically, the effect of cross-cohort changes in the timing and level of a vital event on period rates of occurrence of the event. The procedureis illustrated and tested in an application to data on the first birth rates of American women. Overall, the empirical results provide support for the procedure. The results also provide evidence that period effects are highly age-specific and that the size of cohort effects may be substantially overestimated by models which fail to allow for the age specificity of period effects.
Author: N. Gregory Mankiw
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 48
Get Book Here
Book Description
We reexamine the expectations theory of the term structure using data at the short end of the maturity spectrum. We find that prior to the founding ofthe Federal Reserve System in 1915, the spread between long rates and short rates has substantial predictive power for the path of interest rates; after 1915, however, the spread contains much less predictive power. We then show that the short rate is approximately a random walk after the founding of the Fed but not before. This latter fact, coupled with even slight variation inthe term premium, can explain the observed change in 1915 in the performance of the expectations theory. We suggest that the random walk character of the short rate may be attributable to the Federal Reserve's commitment to stabilizing interest rates.
Author:
Publisher:
ISBN:
Category : Mathematics
Languages : en
Pages : 298
Get Book Here
Book Description
