Nobel Laureate Robert E. Lucas, Jr.: architect of modern macroeconomics

Article Abstract:

Robert E. Lucas, Jr. was awarded the Nobel Memorial Prize for Economic Science in the fall of 1995. He formulated a coherent framework for interpreting the varied microeconomic theories developed by economists before him. In his academic paper 'Expectations and the Neutrality of Money,' he traced the impact of changing monetary policies on inflation, production and unemployment. He garnered further recognition in his 'Econometric Policy Evaluation: A Critique' in which he uncovered the drawbacks of using macroeconomic models for assessing economic policies.

Achievements and awards, Monetary policy, Macroeconomics, Lucas, Robert E., Jr.

---

Where Ricardo and Mill rebut and confirm arguments of mainstream economists supporting globalization

Article Abstract:

Prominent and competent mainstream economists enter into the debate to educate and correct warm-hearted protestors who are against globalization. The study discuses that there is some suggestive evidence that French or German per-hour productivity do surpass the U.S. per-hour productivity.

United States, Management dynamics, Practice, Production (Economics), Globalization

---

Modern macroeconomics in practice: how theory is shaping policy?

Article Abstract:

The trends of implementation of economic theory by economists during the formulation of economic policy, over the last three decades, are described.

Economic Programs, Administration of Economic Programs, Minnesota, Usage, Economics, Economic theory

Similar abstracts:

• Abstracts: Nominal and real stochastic convergence of transition economies
• Abstracts: Economics and underdetermination: a case study of urban land and housing economics. The nature of heterodex economics
• Abstracts: Interest rate rules and price determinacy: the role of transactions of bonds. Business cycles in emerging economies: the role of interest rates
• Abstracts: Welfare implications of endogenous credit limits with bankruptcy. Dynamic trading policies with price impact
• Abstracts: Taxation and corporate payout policy. The evolution of top incomes: a historical and international perspective

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.