[Home]History of MacroeconomicS

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Revision 4 . . February 11, 2001 11:19 am by JimboWales [I only know a little about RationalExpectations, please edit if I'm wrong!]
Revision 3 . . February 11, 2001 6:09 am by WojPob
Revision 2 . . (edit) January 31, 2001 5:30 am by WojPob
Revision 1 . . January 31, 2001 5:30 am by WojPob
  

Difference (from prior major revision) (no other diffs)

Added: 4a5,6
One of the great challenges of recent economics has been struggles to reconcile macroeconomic and microeconomic models. RationalExpectations? Theorists such as RobertLucas? suggested (in the 1970s) that at least some traditional KeynesiaN? macroeconomic models were questionable in light of what they must implicitly assume about individual behavior.


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