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Rules, Discretion, and the Role of the Economic Advisor

In: Rational Expectations and Economic Policy

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Robert E. Lucas, Jr.

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This chapter was published in: Robert E. Lucas, Jr. Rational Expectations and Economic Policy, , pages 199-210, 1980.

This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 6264.

Handle: RePEc:nbr:nberch:6264

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Related research
This chapter was published in the following book, which is listed on IDEAS:
Stanley Fischer, 1980. "Rational Expectations and Economic Policy," NBER Books, National Bureau of Economic Research, Inc, number fisc80-1.
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  1. Bennett T. McCallum & Edward Nelson, 2000. "Timeless Perspectives vs. Discretionary Monetary Policy In Forward-Looking Models," NBER Working Papers 7915, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Francisco Lopes, 1982. "Rational expectations, discrete price setting and the role of monetary policy," Textos para discussão 28, Department of Economics PUC-Rio (Brazil). [Downloadable!]
  3. Bennett T. McCallum, 2005. "A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap," NBER Working Papers 11056, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Robert L. Hetzel, 2009. "Monetary policy in the 2008-2009 recession," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 201-233. [Downloadable!]
  5. Keynote Speech by Bennett T. McCallum, 2006. "Misconceptions Regarding the Zero Lower Bound on Interest Rates," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 24(S1), pages 13-26, December. [Downloadable!]
  6. Bennett T. McCallum, 2008. "Determinacy, Learnability, and Plausibility in Monetary Policy Analysis: Additional Results," NBER Working Papers 14164, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  7. Bennett T. McCallum, 2000. "The Present and Future of Monetary Policy Rules," NBER Working Papers 7916, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  8. Bennett T. McCallum, 1985. "Credibility and Monetary Policy," NBER Working Papers 1490, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
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