Papers by Robert E. Lucas

Robert E. Lucas

Professor of Economics (deceased 2023) · University of Chicago

Macroeconomist at Carnegie Mellon (1964-1975) and the University of Chicago (from 1975 until 2023). Won the 1995 Nobel Memorial Prize in Economic Sciences; president of the Econometric Society (1997) and the American Economic Association (2002-2003).

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Published Classic American Economic Review Published May 2001

Interest Rates and Inflation

Fernando Alvarez · Robert E. Lucas · Warren E. Weber

Reconciling the consensus view that raising short rates fights inflation with the quantity-theoretic evidence that inflation and interest rates move together with money growth in the long run, this …

Money Markets Liquidity Inflation Dynamics Free Read ↗

Published Classic Journal of Money, Credit and Banking Published Nov 1980

Methods and Problems in Business Cycle Theory

Robert E. Lucas

This 1980 paper by Robert Lucas argues that economic theories should be understood as explicit instructions for building fully articulated, artificial "analogue" economies, and traces business cycle …

Business Cycles Real Business Cycle Theory Free Read ↗