ROBERT LUCAS AND THE THEORY OF RATIONAL EXPECTATIONS
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.
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Published
2018-09-12
How to Cite
Nikoloski, K. (2018). ROBERT LUCAS AND THE THEORY OF RATIONAL EXPECTATIONS. Yearbook - Faculty of Economics, 7(1), 25-32. Retrieved from https://js.ugd.edu.mk/index.php/YFE/article/view/2417
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Articles
