Topic 2: New Classical Macroeconomics

The reading pack:
http://groups.google.com/group/economaru/files

The key readings:
-The Nobel lectures by Friedman and Lucas. If you're interested, you may also check out Edmund Phelps' 2006 Nobel lecture
http://nobelprize.org/nobel_prizes/economics/laureates/2006/phelps-lecture.html
which is not included in the pack.
- Lucas (1973) "Some International Evidence on Output-Inflation Tradeoffs" AER

Other readings/recommendations:
- For a more lengthy discussions of rational expectations, check out a book by Attfield, Demery and Duck titled "Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence". The book should be available in your library.

Questions/comments welcomed.