Deciding between alternative approaches in macroeconomics
Macroeconomic time-series data are aggregated, inaccurate, non-stationary, collinear and rarely match theoretical concepts. Macroeconomic theories are incomplete, incorrect and changeable: location shifts invalidate the law of iterated expectations and ‘rational expectations’ are then systematically...
| 主要作者: | |
|---|---|
| 格式: | Journal article |
| 出版: |
Elsevier
2017
|