ROBERT LUCAS AND THE THEORY OF RATIONAL EXPECTATIONS

Authors

  • 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.

 

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Published

2018-09-12

Issue

Vol. 7 No. 1 (2015): Yearbook 2015

Section

Articles

How to Cite

ROBERT LUCAS AND THE THEORY OF RATIONAL EXPECTATIONS. (2018). Yearbook - Faculty of Economics, 7(1), 25-32. https://js.ugd.edu.mk/index.php/YFE/article/view/2417

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