Nobel laureate Robert E. Lucas, Jr.: architect of modern macroeconomics.
From: Federal Reserve Bank of Minneapolis Quarterly Review
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Date: 3/22/1999
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Author: Chari, V.V.
Macroeconomist Robert E. Lucas Jr. has authored numerous papers on various fields of economics from the late 1960s to the early 1970s. This body of work has been considered as revolutionary and earned for him the Nobel Prize in Economic Sciences in 1995. His most significant contribution is the seminal paper 'Expectations and the Neutrality of Money' that was published in 1972. This paper provided both substantive and methodological contributions to the study of macroeconomics.
In the late ...
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