Testing the Lucas critique in Malaysia: a comment
The advent of ’rational expectation hypothesis’ (REH) in 1970’s sparked intense debate on the effectiveness of discretionary aggregate demand policies in influencing real economic activities. In line with this, the Lucas Critique (Lucas, 1976), that embodies the REH, questions the efectiveness of p...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia
2003
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/317/1/Noor_Azlan_Ghazali.pdf |