Lucas islands model
id:
lucas-islands-model-305-3683729
title:
Lucas islands model
text:
The Lucas islands model is an economic model of the link between money supply and price and output changes in a simplified economy using rational expectations. It delivered a new classical explanation of the Phillips curve relationship between unemployment and inflation. The model was formulated by Robert Lucas, Jr. in a series of papers in the 1970s.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Lucas_islands_model
date created:
date modified:
2023-11-03T16:06:36Z
main entity:
{"identifier":"Q6696189","url":"https://www.wikidata.org/entity/Q6696189"}
image:
fields total:
13
integrity:
13