What is the significance of the Lucas critique of econometric policy evaluation?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 20, 2024 04:00 AM

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What is the significance of the Lucas critique of econometric policy evaluation?

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The Lucas critique named after the economist Robert Lucas is a fundamental concept in macroeconomics and econometrics It poses a significant challenge ...View the full answer

Macroeconomics Policy And Practice

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