Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
economic school of thought
|
| gptkbp:assumes |
rational agents
efficient markets flexible prices |
| gptkbp:basedOn |
rational expectations
market clearing |
| gptkbp:countryOfOrigin |
gptkb:United_States
|
| gptkbp:emergedIn |
1970s
|
| gptkbp:focusesOn |
microeconomic foundations of macroeconomics
|
| gptkbp:hasConcept |
gptkb:rational_expectations_hypothesis
market clearing intertemporal optimization policy ineffectiveness proposition |
| https://www.w3.org/2000/01/rdf-schema#label |
new classical economics
|
| gptkbp:influenced |
real business cycle theory
|
| gptkbp:mainProponent |
gptkb:Edward_Prescott
gptkb:Robert_Lucas_Jr. gptkb:Thomas_Sargent gptkb:Robert_Barro |
| gptkbp:opposedBy |
gptkb:Keynesian_economics
|
| gptkbp:publishedIn |
gptkb:Journal_of_Political_Economy
|
| gptkbp:relatedTo |
monetarism
neoclassical economics |
| gptkbp:requires |
systematic monetary policy is ineffective
|
| gptkbp:bfsParent |
gptkb:neo-Keynesian_economics
gptkb:Macroeconomics |
| gptkbp:bfsLayer |
6
|