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Recommended Reading:
- Readings: Kevin Hoover, “Phillips CurveNobel Lecture: Monetary Neutrality.” [NOTE: At times this lecture may be too technical for the student, but it is still worth reading because much of it is accessible. Lucas explains the relationship of his work to Hume’s, and what happaned with “the” Phillips Curve during the 1960s and 1970s.]
- Topics: The “Lucas critique” and alternative.