ROBERT LUCAS AND THE THEORY OF RATIONAL EXPECTATIONS

  • Krume Nikoloski

Abstract

Based on the theory of rational expectations a new school has been created, which is called new classical macroeconomics (in the 80s of XX century). In this paper, the hypothesis of rational expectations in the new classical macroeconomics refers to the contemporary confrontation between the new classical macroeconomics and the new Keynesian economics.


 

Published
Sep 12, 2018
How to Cite
NIKOLOSKI, Krume. ROBERT LUCAS AND THE THEORY OF RATIONAL EXPECTATIONS. Yearbook - Faculty of Economics, [S.l.], v. 7, n. 1, p. 25-32, sep. 2018. ISSN 1857- 8632. Available at: <http://js.ugd.edu.mk/index.php/YFE/article/view/2417>. Date accessed: 21 aug. 2019.
Section
Articles