Rational expectations forecasts from nonrational models

"This paper puts forward a method of policy simulation with an existing macroeconometric model under the maintained assumption that individuals form their expectations rationally. This new simulation technique grows out of Lucas' criticism that standard econometric policy evaluation permi...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Anderson, Paul A. (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	Minneapolis 1978
Schriftenreihe:	Research Department staff report Federal Reserve Bank of Minneapolis 19 Staff report Federal Reserve Bank of Minneapolis 19
Schlagworte:	Economic forecasting > Econometric models > Rational expectations (Economic theory)
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