The Encompassing Implications of Feedback versus Feedforward Mechanisms in Econometrics.
If expectations are an important ingredient of economic decisions, when expectations alter feedback, models should manifest parameter change. This aspect of the "Lucas critique" therefore has implications for feedforward models when expectations processes change but conditional models do n...
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| Μορφή: | Journal article |
| Γλώσσα: | English |
| Έκδοση: |
1988
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