CONTENTS
Acknowledgements = ⅸ
Introduction = xi
PART Ⅰ RATIONAL EXPECTATIONS
1. 'Rational Expectations and the Theory of Price Movements', Econometrica, 29 (3), July, 315-35 / John F. Muth (1961) = 3
2. 'Learning, Estimation, and the Stability of Rational Expectations', Journal of Economic Theory, 26 (3), April, 318-39 / Margaret Bray (1982) = 24
3. 'Tests of the Rational Expectations Hypothesis', American Economic Review, LXXVI (1), March, 110-24 / Michael C. Lovell (1986) = 46
4. 'Adaptive Behavior and Economic Theory', Journal of Business, 59 (4), Part 2, October, S401-26 / Robert E. Lucas, Jr. (1986) = 61
PART Ⅱ THE PHILLIPS CURVE AND LABOUR MARKETS
5. 'Real Wages, Employment, and Inflation', Journal of Political Economy, 77 (5), October, 721-54 / Robert E. Lucas, Jr. ; Leonard A. Rapping (1969) = 89
6. 'Econometric Testing of the Natural Rate Hypothesis', in Otto Eckstein (ed.), The Econometrics of Price Determination, Washington, D.C.: Board of Governors of the Federal Reserve System, 50-59 / Robert E. Lucas, Jr. (1972) = 123
7. 'Expectations and the Neutrality of Money', Journal of Economic Theory, 4 (2), April, 103-24 / Robert E. Lucas, Jr. (1972) = 133
8. 'Some International Evidence on Output-Inflation Tradeoffs', American Economic Review, LXIII (3), June, 326-34 / Robert E. Lucas, Jr. (1973) = 155
9. 'Further International Evidence on Output-Inflation Tradeoffs', American Economic Review, LXX (3), June, 409-21 / Richard T. Froyen ; Roger N. Waud (1980) = 164
10. 'Unanticipated Money Growth and Unemployment in the United States', American Economic Review, 67 (2), March, 101-15 / Robert J. Barro (1977) = 177
11. 'Unanticipated Money Growth and Unemployment in the United States: Comment', American Economic Review, 69 (5), December, 996-1003 / David H. Small (1979) = 192
12. 'Money Stock Revisions and Unanticipated Money Growth', Journal of Monetary Economics, 6 (2), April, 257-67 / Robert J. Barro ; Zvi Hercowitz (1980) = 200
13. 'Unanticipated Money and Economic Activity', in Stanley Fischer (ed.), Rational Expectations and Economic Policy, Chicago: University of Chicago Press, 23-73 / Robert J. Barro ; Mark Rush (1980) = 211
14. 'Two Illustrations of the Quantity Theory of Money', American Economic Review, LXX (5), December, 1005-14 / Robert E. Lucas, Jr. (1980) = 262
PART Ⅲ THE LIMITS OF MONETARY AND FISCAL POLICY
15. 'Rational Expectations and the Theory of Economic Policy', Journal of Monetary Economics, 2 (2), April, 169-83 / Thomas J. Sargent ; Neil Wallace (1976) = 275
16. 'Stabilizing Powers of Monetary Policy under Rational Expectations', Journal of Political Economy, 85 (1), January, 163-90 / Edmund S. Phelps ; John B. Taylor (1977) = 290
17. 'Staggered Wage Setting in a Macro Model', American Economic Review, 69 (2), May, 108-13 / John B. Taylor (1979) = 318
18. 'Some Unpleasant Monetarist Arithmetic', Federal Reserve Bank of Minneapolis Quarterly Review, 5 (3), Fall, 1-17 / Thomas J. Sargent ; Neil Wallace (1981) = 324
19. 'Some Pleasant Monetarist Arithmetic', Federal Reserve Bank of Minneapolis Quarterly Review, 8 (2), Spring, 15-20 / Michael R. Darby (1984) = 341
20. 'A Reply to Darby', Federal Reserve Bank of Minneapolis Quarterly Review, 8 (2), Spring, 21-6 / Preston J. Miller ; Thomas J. Sargent (1984) = 347
21. 'Higher Deficit Policies Lead to Higher Inflation', Federal Reserve Bank of Minneapolis Quarterly Review, 7 (1), Winter, 8-19 / Preston J. Miller (1983) = 353
22. 'Principles of Fiscal and Monetary Policy', Journal of Monetary Economics, 17 (1), January, 117-34 / Robert E. Lucas, Jr. (1986) = 365
23. 'Are Government Bonds Net Wealth?', Journal of Political Economy, 82 (6), 1095-117 / Robert J, Barro (1974) = 383
24. 'Barro on the Ricardian Equivalence Theorem', Journal of Political Economy, 84 (2), April, 337-42 / James M. Buchanan (1976) = 406
25. 'The Ricardian Nonequivalence Theorem', Journal of Political Economy, 85 (1), February, 207-10 / Gerald P. O'Driscoll, Jr. (1977) = 412
26. 'Is Everything Neutral?, Journal of Political Economy, 96 (2), April, 308-38 / B. Douglas Bernheim ; Kyle Bagwell (1988) = 416
27. 'On the Determination of the Public Debt', Journal of Political Economy, 87 (5), Part 1, October, 940-71 / Robert J. Barro (1979) = 447
28. 'A Modigliani-Miller Theorem for Open-Market Operations', American Economic Review, 71 (3), June, 267-74 / Neil Wallace (1981) = 479
29. 'Irrelevance of Open Market Operations in Some Economies with Government Currency Being Dominated in Rate of Return', American Economic Review, LXXVII (1), March, 78-92 / Thomas J. Sargent ; Bruce D. Smith (1987) = 487
PART Ⅳ POLICY RULES
30. 'Rules Rather than Discretion: The Inconsistency of Optimal Plans', Journal of Political Economy, 85 (3), June, 473-91 / Finn E. Kydland ; Edward C. Prescott (1977) = 505
31. 'A Positive Theory of Monetary Policy in a Natural Rate Model', Journal of Political Economy, 91 (4), August, 589-610 / Robert J. Barro ; David B. Gordon (1983) = 524
32. 'Rules, Discretion and Reputation in a Model of Monetary Policy', Journal of Monetary Economics, 12 (2), September, 101-21 / Robert J. Barro ; David B. Gordon (1983) = 546
33. 'Rules, Discretion, and Reality', American Economic Review, 72 (2), May, 361-6 / Stephen M. Goldfeld (1982) = 567
34. 'Inflation and Reputation', American Economic Review, 75 (3), June, 530-38 / David Backus ; John Driffill (1985) = 573
35. 'Rational Expectations and Policy Credibility Following a Change in Regime', Review of Economic Studies, LII (2), April, 211-21 / David Backus ; John Driffill (1985) = 582
Name Index = 593
