References
- Aghion, P., Frydman, R., Stiglitz, J., & Woodford, M. (eds) (2003). Knowledge, information, and expectations in modern macroeconomics: In honour of Edmund S. Phelps. Princeton University Press.
- Backhouse, R. E., & Boianovsky, M. (2013). Transforming modern macroeconomics: Exploring disequilibrium microfoundations, 1956-2003. Cambridge University Press.
- Barro, R. J. (1981). Money, expectations, and business cycles. Academic Press.
- Blanchard, O. J., & Fischer, S. (1989). Lectures on macroeconomics. The MIT Press.
- Blanchard, O. J., & Kiyotaki, N. (1987). Monopolistic competition and the effects of aggregate demand. American Economic Review, 77(4), 647–666.
- Blaug, M. (1992). The methodology of economics (2nd edition). Cambridge University Press.
- Boianovsky, M. (2002). Simonsen and the early history of the cash-in-advance approach. The European Journal of the History of Economic Thought, 9(1), 57–71. https://doi.org/https://doi.org/10.1080/09672560110103388
- Boianovsky, M. (2020). Paul Samuelson’s ways to macroeconomic dynamics. The European Journal of the History of Economic Thought, 27(4), 606–634. https://doi.org/https://doi.org/10.1080/09672567.2020.1767670
- Boianovsky, M. (2021). J.S. Mill, W. Roscher and D.H. Robertson: the early history of the monetary misperceptions hypothesis. SSRN Working Paper # 3954254.
- Boianovsky, M. (2022). Voluminous, repetitive, and intractable: Samuelson on early development economics. History of Political Economy, 54(1), 1–31. https://doi.org/https://doi.org/10.1215/00182702-9548316
- Boumans, M. (1997). Lucas and artificial worlds. In J. B. Davis (Ed.), New economics and its history. Annual supplement to History of Political economy (vol. 29: pp. 63–88). Duke University Press.
- Brown, E. C., & Solow, R. M. (eds). (1983). Paul Samuelson and modern economic theory. Mc-Graw-Hill.
- Calvo, G. (1983). Staggered prices in a utility-maximizing framework. Journal of Monetary Economics, 12(3), 383–398. https://doi.org/https://doi.org/10.1016/0304-3932(83)90060-0
- Caplin, A. S., & Spulber, D. F. (1987). Menu costs and the neutrality of money. The Quarterly Journal of Economics, 102(4), 703–726. https://doi.org/https://doi.org/10.2307/1884277
- Cass, D., & Shell, K. (1983). Do sunspots matter? Journal of Political Economy, 91(2), 193–227. https://doi.org/https://doi.org/10.1086/261139
- Chakravartty, A. (2007). A metaphysics for scientific realism. Cambridge University Press.
- Chari, V. V. (1998). Nobel laureate Robert E. Lucas, Jr.: architect of modern macroeconomics. Journal of Economic Perspectives, 12(1), 171–186. https://doi.org/https://doi.org/10.1257/jep.12.1.171
- Cherrier, B., & Saîdi, A. (2018). The indeterminate fate of sunspots in economics. History of Political Economy, 50(3), 425–481. https://doi.org/https://doi.org/10.1215/00182702-7023434
- Collard, F., & Dellas, H. (2010). Monetary misperceptions, output, and inflation dynamics. Journal of Money, Credit and Banking, 42(2-3), 483–502. https://doi.org/https://doi.org/10.1111/j.1538-4616.2009.00296.x
- De Vroey, M. (2016). A history of macroeconomics: From Keynes to Lucas and beyond. Cambridge University Press.
- Duarte, P. G. (2012). Not going away? Microfoundations in the making of a new consensus in macroeconomics. In Duarte and Lima (eds.): 190-237.
- Duarte, P. G., & Lima, G. T. (eds). (2012). Microfoundations reconsidered. E. Elgar.
- Eichenbaum, M. (1991). Real business cycle theory – Wisdom or whimsy? Journal of Economic Dynamics and Control, 15(4), 607–626. https://doi.org/https://doi.org/10.1016/0165-1889(91)90035-Y
- Fischer, S. (1977). Long-term contracts, rational expectations, and the optimal money supply rule. Journal of Political Economy, 85(1), 191–205. https://doi.org/https://doi.org/10.1086/260551
- Fischer, S. (1987). New classical macroeconomics. In J. Eatwell, M. Milgate, & P. Newman (Eds.), The New Palgrave Dictionary of economics (vol. 3: pp. 647–650). Macmillan.
- Fischer, S. (1996). Robert lucas’s Nobel memorial prize. The Scandinavian Journal of Economics, 98(1), 11–31. https://doi.org/https://doi.org/10.2307/3440577
- Friedman, M. (1953). The methodology of positive economics. In Essays in positive economics. University of Chicago Press.
- Friedman, M. ([1962] 1976). Price theory: A provisional text. Aldine.
- Friedman, M., & Schwartz, A. J. (1963). A monetary history of the United States. Princeton University Press.
- Galbács, P. (2020). The Friedman-Lucas transition in macroeconomics: A structuralist approach. Academic Press – Elsevier.
- Gerrard, B. (1994). Beyond rational expectations: A constructive interpretation of Keynes’s analysis of behaviour under uncertainty. The Economic Journal, 104(423), 327–337. https://doi.org/https://doi.org/10.2307/2234753
- Golosov, M., & Lucas Jr, R. E. (2007). Menu costs and Phillips curves. Journal of Political Economy, 115(2), 171–199. https://doi.org/https://doi.org/10.1086/512625
- Gordon, D. F., & Hynes, A. (1970). On the theory of price dynamics. In E. Phelps : 369–393. Norton.
- Grandmont, J.-M. (1985). On endogenous competitive business cycles. Econometrica, 53(5), 995–1045. https://doi.org/https://doi.org/10.2307/1911010
- Hall, R. E. (1996). Robert Lucas, recipient of the 1995 Nobel Memorial Prize in Economics. The Scandinavian Journal of Economics, 98(1), 33–48. https://doi.org/https://doi.org/10.2307/3440578
- Hands, W. D. (2012). The rise and fall of Walrasian microeconomics: the Keynesian effect. In Duarte and Lima (eds.): 93–130.
- Hellwig, C. (2008). Monetary business cycles (imperfect information). In S. Durlauf, & L. Blume (Eds.), Monetary Economics – The New Palgrave economics collection (pp. 181–188). Palgrave Macmillan.
- Hoover, K. D. (1988). The New Classical Macroeconomics. Blackwell.
- Hoover, K. D. (1995). Facts and artifacts: Calibration and the empirical assessment of real-business-cycle models. Oxford Economic Papers, 47(1), 24–44. https://doi.org/https://doi.org/10.1093/oxfordjournals.oep.a042160
- Hoover, K. D. (2006). A NeoWicksellian in a New Classical world: The methodology of Michael Woodford's Interest and Prices. Journal of the History of Economic Thought, 28(2), 143–149. https://doi.org/https://doi.org/10.1080/10427710600676322
- Hoover, K. D. (2012). Microfoundational programs. In Duarte and Lima (eds.), pp. 19–61.
- Hoover, K. D., & Young, W. (2011). Rational expectations: retrospect and prospect. CHOPE Woking Paper # 2011-10. Duke University.
- Ingrao, B. 2018. Models in economics: Fables, fictions, and stories. Annals of the Fondazione Luigi Einaudi, 52(1), 113–135.
- Knight, F. (1921). Risk, uncertainty and profit. Houghton Mifflin.
- Kuorikoski, J., Lehtinen, A., & Marchionni, C. (2010). Economic modelling as robustness analysis. The British Journal for the Philosophy of Science, 61(3), 541–567. https://doi.org/https://doi.org/10.1093/bjps/axp049
- Kydland, F. E., & Prescott, E. C. (1982). Time to build and aggregate fluctuations. Econometrica, 50(6), 1345–1370. https://doi.org/https://doi.org/10.2307/1913386
- Laidler, D. (2010). Lucas, Keynes, and the crisis. Journal of the History of Economic Thought, 32(1), 39–62. https://doi.org/https://doi.org/10.1017/S1053837209990423
- Leijonhufvud, A. (1968). On Keynesian economics and the economics of Keynes. Oxford University Press.
- LeRoy, S. F., & Singell, Jr., L. D. (1987). Knight on risk and uncertainty. Journal of Political Economy, 95(2), 394–406. https://doi.org/https://doi.org/10.1086/261461
- Lisciandra, C., & Korbmacher, J. (2021). Multiple models, one explanation. Journal of Economic Methodology, 28(2), 186–206. https://doi.org/https://doi.org/10.1080/1350178X.2021.1892800
- Lucas, Jr., R. E. ([1972a] 1981a). Econometric testing of the natural rate hypothesis. In O. Eckstein (Ed.), The econometrics of price termination conference (pp. 50–59). Board of Governors of the Federal Reserve System. As reprinted in Lucas (1981a): 90-103.
- Lucas, Jr., R. E. ([1972b] 1981a). Expectations and the neutrality of money. Journal of Economic Theory, 4(2), 103–124. https://doi.org/https://doi.org/10.1016/0022-0531(72)90142-1. As reprinted in Lucas (1981a), p. 66–89.
- Lucas, Jr., R. E. ([1976] 1981a). Econometric policy evaluation: A critique. In K. Brunner, & A. H. Meltzer (Eds.), The Phillips curve and labour markets, vol. 1 of Carnegie-Rochester Conference Series on Public Policy: 19–46. North-Holland. As reprinted in Lucas (1981): 104–130.
- Lucas, Jr., R. E. ([1977] 1981a). Understanding business cycles. In K. Brunner, & A. H. Meltzer (Eds.), Stabilization of the domestic and international economy, vol. 5 of Carnegie-Rochester Conference Series on Public Policy: 7-29. North-Holland. As reprinted in Lucas (1981a): 215–39.
- Lucas, Jr., R. E. (1978). Asset prices in an exchange economy. Econometrica, 46(6), 1429–1445. https://doi.org/https://doi.org/10.2307/1913837
- Lucas, Jr., R. E. ([1980] 1981a). Methods and problems in business cycle theory. Journal of Money, Credit and Banking, 12(4), 696–715. As reprinted in Lucas (1981a): 271-96. https://doi.org/https://doi.org/10.2307/1992030
- Lucas, Jr., R. E. (1981a). Studies in business-cycle theory. MIT Press.
- Lucas, Jr., R. E. (1981b). Tobin and monetarism: A review article. Journal of Economic Literature, 19, 558–567.
- Lucas, Jr., R. E. (1983). Corrigendum. Journal of Economic Theory, 31(1), 197–199. https://doi.org/https://doi.org/10.1016/0022-0531(83)90031-5
- Lucas, Jr., R. E. (1984). Money in a theory of finance. Carnegie-Rochester Conference Series on Public Policy, 21, 9–46. https://doi.org/https://doi.org/10.1016/0167-2231(84)90003-4
- Lucas, Jr., R. E. (1986). Adaptive behavior and economic theory. The Journal of Business, 59(S4), S401–S426. https://doi.org/https://doi.org/10.1086/296377
- Lucas, Jr., R. E. (1987). Models of business cycles. Basil Blackwell.
- Lucas, Jr., R. E. ([1989] 2013a). The effects of monetary shocks when prices are set in advance. In Lucas (2013a): 272-99.
- Lucas, Jr., R. E. (1994). Comments on Ball and Mankiw. Carnegie-Rochester Conference Series on Public Policy, 41, 153–155. https://doi.org/https://doi.org/10.1016/0167-2231(94)00017-4
- Lucas, Jr., R. E. (1996). Nobel Lecture: Monetary neutrality. Journal of Political Economy, 104(4), 661–682. https://doi.org/https://doi.org/10.1086/262037
- Lucas, Jr., R. E. (2003a). Macroeconomic priorities. American Economic Review, 93(1), 1–14. https://doi.org/https://doi.org/10.1257/000282803321455133
- Lucas, R. E. (2003b). General comments on part I. In P. Aghion et al. (eds.) (pp. 138–141). Princeton University Press.
- Lucas, Jr., R. E. (2004). Keynote address to the 2003 HOPE conference: My Keynesian education. In M. de Vroey, & K. D. Hoover (Eds.), History of Political Economy, annual supplement to volume 36 (pp. 12–24). Duke University Press.
- Lucas, Jr., R. E. (2007). Remarks on the influence of Edward Prescott. Economic Theory, 32(1), 7–11. https://doi.org/https://doi.org/10.1007/s00199-006-0195-2
- Lucas, Jr., R. E. (2009). Robert E. Lucas, Jr. In W. Breit, & B. T. Hirsch (Eds.), Lives of the Laureates: Twenty-three Nobel economists (pp. 273–298). MIT Press.
- Lucas, Jr., R. E. (2013a). Collected papers on monetary theory, ed. by M. Gillman. Harvard University Press.
- Lucas, Jr., R. E. (2013b). Introduction. In Lucas (2013a): xvii-xxvii.
- Lucas, Jr., R. E., & Moll, B. (2014). Knowledge growth and the allocation of time. Journal of Political Economy, 122(1), 1–51. https://doi.org/https://doi.org/10.1086/674363
- Lucas, Jr., R. E., & Nicolini, J. P. (2015). On the stability of money demand. Journal of Monetary Economics, 73, 48–65. https://doi.org/https://doi.org/10.1016/j.jmoneco.2015.03.005
- Lucas Jr., R. E., & Sargent, T. J. ([1978] 1997). After Keynesian macroeconomics. In After the Phillips Curve: Persistence of high inflation and high unemployment. Boston (Mass.): Federal Reserve Bank of Boston. As reproduced in A macroeconomics reader, pp. 270–94. Ed. by B. Snowdon and H. Vane. Routledge.
- Lucas, Jr., R. E., & Stokey, N. (2011). Liquidity crises, understanding sources and limiting consequences: a theoretical framework. Economic Policy Papers. Federal Reserve Bank of Minneapolis.
- Lucas, Jr., R. E., & Woodford, M. (1993). Real effects of monetary shocks in an economy with sequential purchases. NBER, Working Paper # 4250.
- Mäki, U. (1998). Realism. In J. B. Davis, D. W. Hands, & U. Mäki (Eds.), The Handbook of Economic Methodology (pp. 404–409). Elgar.
- Mäki, U. (2009). Realistic realism about unrealistic models. In D. Ross, & H. Kincaid (Eds.), The Oxford Handbook of Philosophy of economics (pp. 68–98). Oxford University Press.
- Mäki, U., & Marchionni, C. (2012). Economics as usual: Geographical economics shaped by disciplinary conventions.”. In J. B. Davis (Ed.), The Elgar companion to recent economic methodology (pp. 188–206). Elgar.
- Mankiw, N. G. (2010). Macroeconomics (7th edition). Worth Publishers.
- Mankiw, N. G., & Reis, R. (2002). Sticky information versus sticky prices: A proposal to replace the New Keynesian Phillips curve. The Quarterly Journal of Economics, 117(4), 1295–1328. https://doi.org/https://doi.org/10.1162/003355302320935034
- Mankiw, N. G., & Reis, R. (2010). Imperfect information and aggregate supply. In B. M. Friedman, & M. Woodford (Eds.), Handbook of Monetary Economics (vol. 3: pp. 183–229). Elsevier.
- McCallum, B. T. (1987). The development of Keynesian macroeconomics. American Economic Review, 77(1), 125–129.
- McCallum, B. T. (1989). Monetary economics – theory and policy. Macmillan.
- McCallum, B. T. (2002). Recent developments in monetary policy analysis: The roles of theory and evidence. Federal reserve Bank of Richmond. Economic Quarterly, 88(1), 67–96.
- Medawar, P. B. (1969). The art of the soluble - creativity and originality in science. Penguin. First published by Methuen 1967.
- Modigliani, F. (1944). Liquidity preference and the theory of interest and money. Econometrica, 12(1), 45–88. https://doi.org/https://doi.org/10.2307/1905567
- Muth, J. F. (1961). Rational expectations and the theory of price movements. Econometrica, 29(3), 315–335. https://doi.org/https://doi.org/10.2307/1909635
- Nelson, E. (2020). Milton Friedman & economic debate in the United States, 1932-1972, vol. 2. The University of Chicago Press.
- Niehans, J. (1990). A History of Economic theory. Johns Hopkins University Press.
- Patinkin, D. (1965). Money, interest, and prices (2nd edition). Harper & Row.
- Phelps, E. S. (1969). The new microeconomics of inflation and employment theory. American Economic Review, 59(1), 147–160.
- Phelps, E. S. (1970). Introduction: the new microeconomics of employment and inflation theory. In Phelps et al: 1-23.
- Phelps, E. S. (1987). Equilibrium: An expectational concept. In J. Eatwell, M. Milgate, & P. Newman (Eds.), The New Palgrave Dictionary of economics (vol. 2: pp. 177–179). Macmillan.
- Phelps, E. S., & Taylor, J. B. (1977). Stabilizing powers of monetary policy under rational expectations. Journal of Political Economy, 85(1), 163–190. https://doi.org/https://doi.org/10.1086/260550
- Phelps, E. S. et al (1970). Microeconomic foundations of employment and inflation theory. Norton.
- Romer, D. (2012). Advanced macroeconomics (4th edition). McGraw-Hill.
- Samuelson, P. A. (1947). Foundations of economic analysis. Harvard University Press.
- Samuelson, P. A. (1958). An exact consumption-loan model of interest with or without the social contrivance of money. Journal of Political Economy, 66(6), 467–482. https://doi.org/https://doi.org/10.1086/258100
- Samuelson, P. A. (1965). Proof that properly anticipated prices fluctuate randomly. Industrial Management Review, 6(1), 41–49.
- Samuelson, P. A. ([1982] 1986). Foreword to the Japanese edition of The Collected Scientific Papers of Paul A. Samuelson. In K. Crowley (Ed.), The Collected Scientific Papers of Paul a. Samuelson (Volume 5: pp. 858–875). The MIT Press.
- Samuelson, P. A. ([1983] 1986). The Keynes centenary – sympathy from the other Cambridge. In The Economist 25 June 1983, p. 19–21. As reproduced in The Collected Scientific Papers of Paul A. Samuelson (Volume 5: pp. 275–278). The MIT Press.
- Sargent, T. (1996). Expectations and the nonneutrality of Lucas. Journal of Monetary Economics, 37(3), 535–548. https://doi.org/https://doi.org/10.1016/0304-3932(96)01256-1
- Sargent, T. (2015). Robert E. Lucas Jr's Collected Papers on Monetary Theory. Journal of Economic Literature, 53(1), 43–64.
- Sent, E.-M. (1998). The evolving rationality of rational expectations: An assessment of Thomas Sargent’s achievements. Cambridge University Press.
- Sergi, F. (2018). DSGE models and the Lucas Critique: a historical appraisal. UWE, Bristol. Economics Working Paper Series # 1806.
- Snowdon, B., & Vane, H. R. (1998). Transforming macroeconomics: An interview with Robert E. Lucas, Jr. Journal of Economic Methodology, 5(1), 115–146. https://doi.org/https://doi.org/10.1080/13501789800000005
- Svensson, L. (1986). Sticky goods prices, flexible asset prices, monopolistic competition, and monetary policy. The Review of Economic Studies, 53(3), 385–405. https://doi.org/https://doi.org/10.2307/2297635
- Svensson, L. (1996). The scientific contributions of Robert E. Lucas, Jr. The Scandinavian Journal of Economics, 98(1), 1–10. https://doi.org/https://doi.org/10.2307/3440576
- Taylor, J. B. (1979). Estimation and control of a macroeconomic model with rational expectations. Econometrica, 47(5), 1267–1286. https://doi.org/https://doi.org/10.2307/1911962
- Tobin, J. (1980a). Are new classical models plausible enough to guide policy? Journal of Money, Credit and Banking, 12(4), 788–799. https://doi.org/https://doi.org/10.2307/1992034
- Tobin, J. (1980b). Asset accumulation and economic activity. The University of Chicago Press.
- Tobin, J. (1983). Macroeconomics and fiscal policy. In Brown and Solow (eds.): 189-201.
- Townsend, R. (1983). Forecasting the forecasts of others. Journal of Political Economy, 91(4), 546–588. https://doi.org/https://doi.org/10.1086/261166
- Van Zijp, R. (1994). Austrian and New classical business cycle theories: A comparative study through the method of rational reconstruction. Elgar.
- Vercelli, A. (1991). Methodological foundations of macroeconomics: Keynes and Lucas. Cambridge University Press.
- Walsh, C. E. (2010). Monetary theory and policy (3rd edition). MIT Press.
- Woodford, M. (2003a). Interest and prices – foundations of a theory of monetary policy. Princeton University Press.
- Woodford, M. (2003b). Imperfect common knowledge and the effects of monetary policy. In P. Aghion et al (eds), 25–58.
- Woodward, J. (2006). Some varieties of robustness. Journal of Economic Methodology, 13(2), 219–240. https://doi.org/https://doi.org/10.1080/13501780600733376