IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

New classical monetary business cycle theory

  • Zijp, R. van

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

Registered author(s):

    No abstract is available for this item.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://degree.ubvu.vu.nl/repec/vua/wpaper/pdf/19900058.pdf
    Download Restriction: no

    Paper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0058.

    as
    in new window

    Length:
    Date of creation: 1990
    Date of revision:
    Handle: RePEc:vua:wpaper:1990-58
    Contact details of provider: Web page: http://www.feweb.vu.nl
    Email:


    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
    2. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages S251-78, October.
    3. Olivier Jean Blanchard, 1980. "The Monetary Mechanism in the Light of Rational Expectations," NBER Chapters, in: Rational Expectations and Economic Policy, pages 75-116 National Bureau of Economic Research, Inc.
    4. Barro, Robert J, 1980. "Federal Deficit Policy and the Effects of Public Debt Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 747-62, November.
    5. Fischer, Stanley, 1979. "Anticipations and the Nonneutrality of Money," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 225-52, April.
    6. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    7. Sanford J. Grossman, 1981. "An Introduction to the Theory of Rational Expectations Under Asymmetric Information," Review of Economic Studies, Oxford University Press, vol. 48(4), pages 541-559.
    8. King, Robert G., 1981. "Monetary information and monetary neutrality," Journal of Monetary Economics, Elsevier, vol. 7(2), pages 195-206.
    9. Cukierman, Alex & Wachtel, Paul, 1979. "Differential Inflationary Expectations and the Variability of the Rate of Inflation: Theory and Evidence," American Economic Review, American Economic Association, vol. 69(4), pages 595-609, September.
    10. Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January.
    11. Alan S. Blinder & Stanley Fischer, 1979. "Inventories, Rational Expectations, and the Business Cycle," NBER Working Papers 0381, National Bureau of Economic Research, Inc.
    12. Burmeister, Edwin, 1980. "On Some Conceptual Issues in Rational Expectations Modeling," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 800-816, November.
    13. Blume, L. E. & Bray, M. M. & Easley, D., 1982. "Introduction to the stability of rational expectations equilibrium," Journal of Economic Theory, Elsevier, vol. 26(2), pages 313-317, April.
    14. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-54, April.
    15. Jan Snippe, 1986. "Varieties of Rational Expectations: Their Differences and Relations," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 8(3), pages 427-437, April.
    16. Robert J. Barro & Mark Rush, 1980. "Unanticipated Money and Economic Activity," NBER Chapters, in: Rational Expectations and Economic Policy, pages 23-73 National Bureau of Economic Research, Inc.
    17. Minford, Patrick & Peel, David, 1981. "The Role of Monetary Stabilization Policy under Rational Expectations," The Manchester School of Economic & Social Studies, University of Manchester, vol. 49(1), pages 39-50, March.
    18. Lucas, Robert E., 1977. "Understanding business cycles," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 5(1), pages 7-29, January.
    19. Sargent, Thomas J, 1976. "The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics," Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 631-40, June.
    20. Hansen, Lars Peter & Sargent, Thomas J., 1980. "Formulating and estimating dynamic linear rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 2(1), pages 7-46, May.
    21. Friedman, Benjamin M., 1979. "Optimal expectations and the extreme information assumptions of `rational expectations' macromodels," Journal of Monetary Economics, Elsevier, vol. 5(1), pages 23-41, January.
    22. Minford, Patrick, 1986. "Rational Expectations and Monetary Policy," Scottish Journal of Political Economy, Scottish Economic Society, vol. 33(4), pages 317-33, November.
    23. Hahn, F H, 1980. "Unemployment from a Theoretical Viewpoint," Economica, London School of Economics and Political Science, vol. 47(187), pages 285-98, August.
    24. Tobin, James, 1980. "Are New Classical Models Plausible Enough to Guide Policy?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 788-99, November.
    25. Gustavo Maia Gomes, 1982. "Irrationality of "Rational Expectations"," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(1), pages 51-65, October.
    26. Fischer, Stanley, 1988. "Recent Developments in Macroeconomics," Economic Journal, Royal Economic Society, vol. 98(391), pages 294-339, June.
    27. Lucas, Robert E, Jr & Rapping, Leonard A, 1969. "Real Wages, Employment, and Inflation," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 721-54, Sept./Oct.
    28. Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, vol. 63(3), pages 326-34, June.
    29. Axel Leijonhufvud, 1968. "Comment: Is There a Meaningful Trade-off between Inflation and Unemployment?," Journal of Political Economy, University of Chicago Press, vol. 76, pages 738.
    30. Hoover, Kevin D, 1984. "Two Types of Monetarism," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 58-76, March.
    31. Hahn, F H, 1980. "Monetarism and Economic Theory," Economica, London School of Economics and Political Science, vol. 47(185), pages 1-17, February.
    32. Hahn, F H, 1980. "Comments on McCallum [Unemployment from a Theoretical Viewpoint]," Economica, London School of Economics and Political Science, vol. 47(187), pages 305-07, August.
    33. McCallum, B. T., 1978. "Dating, discounting, and the robustness of the Lucas-Sargent proposition," Journal of Monetary Economics, Elsevier, vol. 4(1), pages 121-129, January.
    34. Grossman, Herschel I., 1983. "The natural-rate hypothesis, the rational-expectations hypothesis, and the remarkable survival of non-market-clearing assumptions," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 19(1), pages 225-245, January.
    35. Lucas, Robert Jr. & Prescott, Edward C., 1974. "Equilibrium search and unemployment," Journal of Economic Theory, Elsevier, vol. 7(2), pages 188-209, February.
    36. Robert J. Shiller, 1975. "Rational Expectations and the Dynamic Structure of Macroeconomic Models:A Critical Review," NBER Working Papers 0093, National Bureau of Economic Research, Inc.
    37. Stanley Fischer, 1980. "On Activist Monetary Policy with Rational Expectations," NBER Chapters, in: Rational Expectations and Economic Policy, pages 211-247 National Bureau of Economic Research, Inc.
    38. Michael R. Darby, 1974. "Rational Expectations Under Conditions of Costly Information," UCLA Economics Working Papers 045, UCLA Department of Economics.
    39. Diamond, Peter & Fudenberg, Drew, 1989. "Rational Expectations Business Cycles in Search Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 606-19, June.
    40. Frydman, Roman, 1982. "Towards an Understanding of Market Processes: Individual Expectations, Learning, and Convergence to Rational Expectations Equilibrium," American Economic Review, American Economic Association, vol. 72(4), pages 652-68, September.
    41. Fellner, William, 1980. "The Valid Core of Rationality Hypotheses in the Theory of Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 763-87, November.
    42. John Haltiwanger & Michael Waldman, 1985. "Rational Expectations in the Aggregate," UCLA Economics Working Papers 327, UCLA Department of Economics.
    43. Cagan, Phillip, 1980. "Reflections on Rational Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 826-32, November.
    44. Cukierman, Alex, 1979. "Rational expectations and the role of monetary policy : A generalization," Journal of Monetary Economics, Elsevier, vol. 5(2), pages 213-229, April.
    45. Robert J. Barro, 1979. "A Capital Market In an Equilibrium Business Cycle Model," NBER Working Papers 0326, National Bureau of Economic Research, Inc.
    46. Milgate, Murray, 1979. "On the Origin of the Notion of "Intertemporal Equilibrium"," Economica, London School of Economics and Political Science, vol. 46(181), pages 1-10, February.
    47. Scheide, Joachim, 1986. "New classical and Austrian business cycle theory: Is there a difference?," Open Access Publications from Kiel Institute for the World Economy 1317, Kiel Institute for the World Economy (IfW).
    48. Haberler, Gottfried, 1980. "Critical Notes on Rational Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 833-36, November.
    49. Snower, Dennis J, 1984. "Rational Expectations, Nonlinearities, and the Effectiveness of Monetary Policy," Oxford Economic Papers, Oxford University Press, vol. 36(2), pages 177-99, June.
    50. Buiter, Willem H, 1980. "The Macroeconomics of Dr. Pangloss: A Critical Survey of the New Classical Macroeconomics," Economic Journal, Royal Economic Society, vol. 90(357), pages 34-50, March.
    51. Martin Feldstein & Alan Auerbach, 1976. "Inventory Behavior in Durable-Goods Manufacturing: The Target-Adjustment Model," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(2), pages 351-408.
    52. McCallum, Bennett T, 1980. "Rational Expectations and Macroeconomic Stabilization Policy: An Overview," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 716-46, November.
    53. Barro, Robert J. & Hercowitz, Zvi, 1980. "Money stock revisions and unanticipated money growth," Journal of Monetary Economics, Elsevier, vol. 6(2), pages 257-267, April.
    54. Tobin, James, 1977. "How Dead Is Keynes?," Economic Inquiry, Western Economic Association International, vol. 15(4), pages 459-68, October.
    55. Rodney Maddock, 1984. "Rational Expectations Macrotheory: a Lakatosian Case Study in Program Adjustment," History of Political Economy, Duke University Press, vol. 16(2), pages 291-309, Summer.
    56. Zarnowitz, Victor, 1985. "Recent Work on Business Cycles in Historical Perspective: A Review of Theories and Evidence," Journal of Economic Literature, American Economic Association, vol. 23(2), pages 523-80, June.
    57. Modigliani, Franco, 1977. "The Monetarist Controversy or, Should We Forsake Stabilization Policies?," American Economic Review, American Economic Association, vol. 67(2), pages 1-19, March.
    58. Desai, Meghnad J, 1975. "The Phillips Curve: A Revisionist Interpretation," Economica, London School of Economics and Political Science, vol. 42(165), pages 1-19, February.
    59. Jordan, James S. & Radner, Roy, 1982. "Rational expectations in microeconomic models: An overview," Journal of Economic Theory, Elsevier, vol. 26(2), pages 201-223, April.
    60. Blume, Lawrence E. & Easley, David, 1982. "Learning to be rational," Journal of Economic Theory, Elsevier, vol. 26(2), pages 340-351, April.
    61. Frank Brechling, 1968. "The Trade-Off between Inflation and Unemployment," Journal of Political Economy, University of Chicago Press, vol. 76, pages 712.
    62. Lawrence A. Boland, 1987. "On the Relevance of Neo-Walrasian Economic Theory: A Review," History of Political Economy, Duke University Press, vol. 19(4), pages 659-666, Winter.
    63. Finn Kydland & Edward C. Prescott, 1980. "A Competitive Theory of Fluctuations and the Feasibility and Desirability of Stabilization Policy," NBER Chapters, in: Rational Expectations and Economic Policy, pages 169-198 National Bureau of Economic Research, Inc.
    64. J. Runde & C. Torr*, 1985. "Divergent Expectations and Rational Expectations," South African Journal of Economics, Economic Society of South Africa, vol. 53(3), pages 142-147, 09.
    65. Edmund S. Phelps, 1968. "Money-Wage Dynamics and Labor-Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 76, pages 678.
    66. Barro, Robert J., 1977. "Long-term contracting, sticky prices, and monetary policy," Journal of Monetary Economics, Elsevier, vol. 3(3), pages 305-316, July.
    67. Thomas J. Sargent, 1973. "Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(2), pages 429-480.
    68. Lucas, Robert E, Jr, 1980. "Methods and Problems in Business Cycle Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(4), pages 696-715, November.
    69. Fischer, Stanley, 1977. "Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 191-205, February.
    70. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-91, June.
    71. Kantor, Brian, 1979. "Rational Expectations and Economic Thought," Journal of Economic Literature, American Economic Association, vol. 17(4), pages 1422-41, December.
    72. Howitt, Peter W, 1981. "Activist Monetary Policy under Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 249-69, April.
    73. Herschel I. Grossman, 1980. "Rational Expectations, Business Cycles, and Government Behavior," NBER Chapters, in: Rational Expectations and Economic Policy, pages 5-22 National Bureau of Economic Research, Inc.
    74. Peter J. Montiel, 1987. "Output and Unanticipated Money in the Dependent Economy Model," IMF Staff Papers, Palgrave Macmillan, vol. 34(2), pages 228-259, June.
    75. Weintraub, E Roy, 1983. "On the Existence of a Competitive Equilibrium: 1930-1954," Journal of Economic Literature, American Economic Association, vol. 21(1), pages 1-39, March.
    76. Mishkin, Frederic S., 1983. "The remarkable survival of non-market-clearing assumptions : A comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 19(1), pages 247-251, January.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:vua:wpaper:1990-58. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (R. Dam)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.