“Some International Evidence on Output-Inflation Tradeoffs”
E455403
“Some International Evidence on Output-Inflation Tradeoffs” is an influential economics paper by Robert Lucas Jr. that empirically examines the relationship between output and inflation across countries, contributing to the understanding of the Phillips curve and rational expectations.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Some International Evidence on Output-Inflation Tradeoffs | 0 |
Statements (39)
| Predicate | Object |
|---|---|
| instanceOf |
academic journal article
ⓘ
economics paper ⓘ |
| academicDiscipline |
economics
ⓘ
quantitative economics ⓘ |
| analyzes |
differences in inflation-output tradeoffs across countries
ⓘ
relationship between inflation and real output ⓘ |
| author | Robert E. Lucas Jr. NERFINISHED ⓘ |
| contribution |
challenged the stability of the traditional Phillips curve
ⓘ
linked inflation variability to output variability across countries ⓘ provided cross-country empirical evidence on the relationship between output and inflation ⓘ supported the rational expectations view of monetary policy effects ⓘ |
| field |
macroeconomics
ⓘ
monetary economics ⓘ |
| genre | empirical research article ⓘ |
| hasImpactOn |
design of monetary policy rules
ⓘ
interpretation of cross-country inflation experiences ⓘ understanding of short-run output-inflation dynamics ⓘ |
| influenced |
empirical studies of monetary policy and output
ⓘ
policy debates on inflation-output tradeoffs ⓘ subsequent research on the expectations-augmented Phillips curve ⓘ |
| influencedBy |
Edmund Phelps
NERFINISHED
ⓘ
Milton Friedman NERFINISHED ⓘ earlier Phillips curve literature ⓘ |
| language | English ⓘ |
| mainTopic |
Phillips curve
NERFINISHED
ⓘ
business cycles ⓘ inflation variability ⓘ output-inflation tradeoff ⓘ rational expectations ⓘ |
| notableFor |
being an influential paper in modern macroeconomics
ⓘ
empirical examination of the Phillips curve across countries ⓘ |
| relatedTo |
Lucas critique
NERFINISHED
ⓘ
expectations-augmented Phillips curve ⓘ |
| supportsClaim |
higher inflation variability is associated with higher output variability
ⓘ
systematic monetary policy is less effective in influencing real output under rational expectations ⓘ |
| theoreticalFramework |
modern Phillips curve theory
ⓘ
rational expectations hypothesis ⓘ |
| usesMethod |
cross-country empirical analysis
ⓘ
time-series analysis ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.