Statements (15)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:criticizedFor |
traditional econometric policy evaluation
|
| gptkbp:emphasizes |
importance of microfoundations in macroeconomic models
|
| gptkbp:field |
macroeconomics
|
| gptkbp:fullTitle |
gptkb:Econometric_Policy_Evaluation:_A_Critique
|
| gptkbp:hasConcept |
policy evaluation using historical data is unreliable if policy changes alter agents' expectations
|
| https://www.w3.org/2000/01/rdf-schema#label |
Lucas critique
|
| gptkbp:influenced |
gptkb:rational_expectations_revolution
macroeconomic modeling |
| gptkbp:proposedBy |
gptkb:Robert_Lucas_Jr.
|
| gptkbp:publishedIn |
gptkb:Econometrica
|
| gptkbp:yearProposed |
1976
|
| gptkbp:bfsParent |
gptkb:Robert_Lucas_Jr.
gptkb:Robert_Lucas |
| gptkbp:bfsLayer |
5
|