Lucas critique
The Lucas critique, named for Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data. More formally, it states that the decision rules of Keynesian models—such as the consumption function—cannot be considered as structural in the sense of being invariant with respect to changes in government policy variables. The Lucas critique is significant in the history of economic thought as a representative of the paradigm shift that occurred in macroeconomic theory in the 1970s towards attempts at establishing micro-foundations.
Wikipage disambiguates
Wikipage redirect
contributions
seeAlso
primaryTopic
Lucas critique
The Lucas critique, named for Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data. More formally, it states that the decision rules of Keynesian models—such as the consumption function—cannot be considered as structural in the sense of being invariant with respect to changes in government policy variables. The Lucas critique is significant in the history of economic thought as a representative of the paradigm shift that occurred in macroeconomic theory in the 1970s towards attempts at establishing micro-foundations.
has abstract
A crítica de Lucas, assim deno ...... os dados agregados históricos.
@pt
De Lucas-kritiek, vernoemd naa ...... n implementeren verwachtingen.
@nl
Die Lucas-Kritik ist ein in de ...... sächlich jedoch endogen seien.
@de
Krytyka Lucasa – praca ekonomi ...... ie dostarczą żądanych wyników.
@pl
La critique de Lucas, formulée ...... e modèles d’équilibre général.
@fr
La crítica de Lucas, cuyo nomb ...... cómo hacer economía dinámica.
@es
The Lucas critique, named for ...... stablishing micro-foundations.
@en
Критика Лукаса (англ. Lucas cr ...... al equilibrium (DSGE) models).
@ru
ルーカス批判(ルーカスひはん、英: Lucas critiq ...... 法則)が自己言及性を持つのだという指摘だと言うこともできる。
@ja
Link from a Wikipage to an external page
Wikipage page ID
Wikipage revision ID
737,429,495
comment
A crítica de Lucas, assim deno ...... os dados agregados históricos.
@pt
De Lucas-kritiek, vernoemd naa ...... n implementeren verwachtingen.
@nl
Die Lucas-Kritik ist ein in de ...... ng rationaler Erwartungen vor.
@de
Krytyka Lucasa – praca ekonomi ...... ie dostarczą żądanych wyników.
@pl
La critique de Lucas, formulée ...... e modèles d’équilibre général.
@fr
La crítica de Lucas, cuyo nomb ...... trata de los datos agregados.
@es
The Lucas critique, named for ...... stablishing micro-foundations.
@en
Критика Лукаса (англ. Lucas cr ...... ированных исторических данных.
@ru
ルーカス批判(ルーカスひはん、英: Lucas critiq ...... 法則)が自己言及性を持つのだという指摘だと言うこともできる。
@ja
label
Critique de Lucas
@fr
Crítica de Lucas
@es
Crítica de Lucas
@pt
Krytyka Lucasa
@pl
Lucas critique
@en
Lucas-Kritik
@de
Lucas-kritiek
@nl
Критик�� Лукаса
@ru
ルーカス批判
@ja