The Lucas Critique, Policy Invariance and Multiple Equilibria

DOI10.2307/2297970zbMATH Open0725.90017OpenAlexW2002441046MaRDI QIDQ5202799FDOQ5202799

Authors: Roger E. A. Farmer 

Publication date: 1991

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www.econ.ucla.edu/workingpapers/wp551.pdf

Recommendations

• scientific article; zbMATH DE number 1790591
• Mitigation of the Lucas critique with stochastic control methods
• The Lucas critique revisited: Assessing the stability of empirical Euler equations for investment
• Observable Implications of Models with Multiple Equilibria
• Self-confirming equilibrium and the Lucas critique

zbMATH Keywords

econometric policy evaluationmultiple stationary rational expectations equilibria

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62)

Cited In (6)

• Title not available (Why is that?)
• Mitigation of the Lucas critique with stochastic control methods
• Quick Job Entry or Long-TermHuman Capital Development? The Dynamic Effects of Alternative Training Schemes
• Self-confirming equilibrium and the Lucas critique
• The Lucas critique revisited: Assessing the stability of empirical Euler equations for investment
• What can time-series regressions tell us about policy counterfactuals?

This page was built for publication: The Lucas Critique, Policy Invariance and Multiple Equilibria

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5202799)