WorldCat Identities

Lucas, Robert E. Jr

Works: 119 works in 359 publications in 6 languages and 6,394 library holdings
Genres: Conference proceedings  History 
Roles: Editor, Other
Classifications: HB3711, 338.542
Publication Timeline
Publications about  Robert E Lucas Publications about Robert E Lucas
Publications by  Robert E Lucas Publications by Robert E Lucas
Most widely held works by Robert E Lucas
Studies in business-cycle theory by Robert E Lucas ( Book )
42 editions published between 1981 and 1995 in English and Undetermined and held by 1,585 WorldCat member libraries worldwide
Recursive methods in economic dynamics by Nancy L Stokey ( Book )
27 editions published between 1989 and 2004 in English and held by 850 WorldCat member libraries worldwide
Rational expectations and econometric practice by Robert E Lucas ( Book )
29 editions published between 1977 and 1988 in English and Undetermined and held by 812 WorldCat member libraries worldwide
Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, governme
Models of business cycles by Robert E Lucas ( Book )
22 editions published between 1987 and 1990 in English and Spanish and held by 702 WorldCat member libraries worldwide
Lectures on economic growth by Robert E Lucas ( Book )
15 editions published between 2002 and 2004 in 3 languages and held by 509 WorldCat member libraries worldwide
In this book the Nobel Prize-winning economist Robert Lucas collects his writings on economic growth, from his seminal On the Mechanics of Economic Development, to his previously unpublished 1997 Kuznets Lectures
Rational expectations and econometric practice by Robert E Lucas ( )
8 editions published between 1981 and 2011 in English and held by 224 WorldCat member libraries worldwide
Menu costs and Phillips curves by Mikhail Golosov ( Book )
9 editions published in 2003 in English and held by 68 WorldCat member libraries worldwide
"This paper develops a model of a monetary economy in which individual firms are subject to idiosyncratic productivity shocks as well as general inflation. Sellers can change price only by incurring a real menu cost.' We calibrate this cost and the variance and autocorrelation of the idiosyncratic shock using a new U.S. data set of individual prices due to Klenow and Kryvtsov. The prediction of the calibrated model for the effects of high inflation on the frequency of price changes accords well with the Israeli evidence obtained by Lach and Tsiddon. The model is also used to conduct numerical experiments on the economy's response to credible and incredible disinflations and other shocks. In none of the simulations we conducted did monetary shocks induce large or persistent real responses"--National Bureau of Economic Research web site
Real effects of monetary shocks in an economy with sequential purchases by Robert E Lucas ( Book )
8 editions published in 1993 in English and held by 58 WorldCat member libraries worldwide
Abstract: We study the effects of monetary disturbances in an economy in which sellers must deal with potential buyers in sequence, rather than being able to sell their goods in a Walrasian auction market. Because of the structure of trading assumed, the current state of demand is not revealed to sellers until after the process of sequential transactions has concluded. As a consequence, unanticipated changes in nominal spending flows induce less-than-proportional responses in nominal transaction prices, and changes in the same direction in real output. These effects are similar to those obtained if sellers must commit themselves in advance to money prices, but do not depend upon any cost of changing prices. We fully characterize the stationary intertemporal equilibrium of an economy subject to i.i.d. money supply shocks. We show how the ex ante distribution of monetary shocks affects sellers' pricing strategies, and hence the equilibrium relation between the money supply, the distribution of transaction prices, and the degree to which available productive capacity is utilized
Efficiency and equality in a simple model of efficient unemployment insurance by Andrew Atkeson ( Book )
8 editions published in 1993 in English and held by 53 WorldCat member libraries worldwide
On the mechanics of economic development by Robert E Lucas ( Book )
10 editions published between 1986 and 1998 in English and Undetermined and held by 43 WorldCat member libraries worldwide
This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development:ʹ- a model emphasizing physical capital accumulation and technological change;ʹ- a model emphasizing human capital accumulation through schooling;ʹ- a model emphasizing specialized human capital accumulation through learning-by-doing.--SCAD summary
Knowledge growth and the allocation of time by Robert E Lucas ( )
6 editions published in 2011 in English and held by 35 WorldCat member libraries worldwide
We analyze a model economy with many agents, each with a different productivity level. Agents divide their time between two activities: producing goods with the production-related knowledge they already have, and interacting with others in search of new, productivity-increasing ideas. These choices jointly determine the economy's current production level and its rate of learning and real growth. Individuals' time allocation decisions depend on the knowledge distribution because the productivity levels of others determine their own chances of improving their productivities through search. The time allocations of everyone in the economy in turn determine the evolution of its knowledge distribution. We construct the balanced growth path for this economy, thereby obtaining a theory of endogenous growth that captures in a tractable way the social nature of knowledge creation. We also study the allocation chosen by an idealized planner who takes into account and internalizes the external benefits of search, and tax structures that implement an optimal solution. Finally, we provide two examples of alternative learning technologies, as concrete illustrations of other directions that might be pursued
Theorie der Konjunkturzyklen by Robert E Lucas ( Book )
1 edition published in 1989 in German and held by 32 WorldCat member libraries worldwide
Organic soils (Histosols) : formation, distribution, physical and chemical properties and management for crop production by Robert E Lucas ( Book )
3 editions published in 1982 in English and held by 25 WorldCat member libraries worldwide
'Lucas' in the laboratory by Elena Asparouhova ( )
1 edition published in 2013 in English and held by 25 WorldCat member libraries worldwide
This paper reports on experimental tests of an instantiation of the Lucas asset pricing model with heterogeneous agents and time-varying private income streams. Central features of the model (infinite horizon, perishability of consumption, stationarity) present difficult challenges and require a novel experimental design. The experimental evidence provides broad support for the qualitative pricing and consumption predictions of the model (prices move with fundamentals, agents smooth consumption) but sharp differences from the quantitative predictions emerge (asset prices display excess volatility, agents do not hedge price risk). Generalized Method of Moments (GMM) tests of the stochastic Euler equations yield very different conclusions depending on the instruments chosen. It is suggested that the qualitative agreement with and quantitative deviation from theoretical predictions arise from agents' expectations about future prices, which are almost self-fulfilling and yet very different from what they would need to be if they were exactly self-fulfilling (as the Lucas model requires)
Modelos de ciclos económicos by Robert E Lucas ( Book )
3 editions published in 1988 in Spanish and held by 24 WorldCat member libraries worldwide
Idea flows, economic growth, and trade by Fernando Alvarez ( )
2 editions published in 2013 in English and held by 23 WorldCat member libraries worldwide
We provide a theoretical description of a process that is capable of generating growth and income convergence among economies, and where freer trade has persistent, positive effects on productivity, beyond the standard efficiency gains due to reallocation effects. We add to a standard Ricardian model a theory of endogenous growth where the engine of growth is the flow of ideas. Ideas are assumed to diffuse by random meetings where people get new ideas by learning from the people they do business with or compete with. Trade then has a selection effect of putting domestic producers in contact with the most efficient foreign and domestic producers. We analyze the way that trade in goods, and impediments to it, affect this diffusion. We find that exclusion of a country from trade reduces productivity growth, with large long-term effects. Smaller trade costs have moderate effects on productivity
Money and interest in a cash-in-advance economy by Robert E Lucas ( Book )
4 editions published between 1984 and 1985 in English and held by 20 WorldCat member libraries worldwide
In this paper we analyze an aggregative general equilibrimi model in which the use of money is motivated by a cash-in-advance constraint, applied to purchases of a subset of consumption goods. The system is subject to both real and monetary shocks, which are economy-wide and observed by all. We develop methods for verifying the existence of, characterizing, and explicitly calculating equilibria. A main result of the analysis is that current money growth affects the current real allocation only insofar as it affects expectations about future money growth, i.e., only through its value as a signal
Knowledge, information, and expectations in modern macroeconomics : in honor of Edmund S. Phelps ( Book )
1 edition published in 2003 in English and held by 14 WorldCat member libraries worldwide
Addressing the most important current debates in macroeconomic theory, this book focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance. The contributions, which represent a breadth of contemporary theoretical approaches, cover topics including the real effects of monetary disturbances, difficulties in expectations formation, structural factors in unemployment, and sources of technical progress. This book provides the most comprehensive and authoritative account in years of the present state of macroeconomics while also pointing to its future
By their bootstraps: an approach to elementary school leadership by Ohio Education Association ( Book )
1 edition published in 1955 in English and held by 13 WorldCat member libraries worldwide
Collected papers on monetary theory by Robert E Lucas ( Book )
6 editions published between 2012 and 2013 in English and held by 12 WorldCat member libraries worldwide
Main description: Robert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin, and Milton Friedman (his teacher), Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. Lucas's contributions are both methodological and substantive. Methodologically, he developed dynamic, stochastic, general equilibrium models to analyze economic decision-makers operating through time in a complex, probabilistic environment. Substantively, he incorporated the quantity theory of money into these models and derived its implications for money growth, inflation, and interest rates in the long run. He also showed the different effects of anticipated and unanticipated changes in the stock of money on economic fluctuations, and helped to demonstrate that there was not a long-run trade-off between unemployment and inflation (the Phillips curve) that policy-makers could exploit. The twenty-one papers collected in this volume fall primarily into three categories: core monetary theory and public finance, asset pricing, and the real effects of monetary instability. Published between 1972 and 2007, they will inspire students and researchers who want to study the work of a master of economic modeling and to advance economics as a pure and applied science
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Alternative Names
Emerson Lucas, Robert 1937-
Lucas, Robert E. 1937-...
Lucas, Robert E. 1937- Jr
Lucas, Robert E. 1937- jun
Lucas, Robert E.B. 1937-
Lucas, Robert E. Jr. 1937-
Lucas, Robert E. jun. 1937-
Lucas, Robert Emerson.
Lucas, Robert Emerson 1937-
ルーカス, ロバート・E
English (216)
Spanish (4)
French (3)
Chinese (2)
Afrikaans (2)
German (1)