Robert Lucas Jr.

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Born 1937 ~ Died 2023 Economics

A Nobel laureate in Economics (1995) who led New Classical Macroeconomics, famous for the Lucas Critique and Rational Expectations hypothesis.

Theories (1) Robert Lucas Jr.의 대표 이론

Macro · Structures & Institutions Stub 1976

The Lucas Critique and Rational Expectations

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A foundational macroeconomic critique stating that it is naive to predict the effects of an economic policy purely on historical data, because rational actors optimize behavior in response to policy changes.

Economics

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