Rbc Models

Some articles on models:

Macroeconomic Policy - Development - New Classicals
... economists introduced rational expectations into their models, they showed that monetary policy could only have a limited impact ... Lucas also made an influential critique of Keynesian empirical models ... He argued that forecasting models based on empirical relationships would be unstable ...

Famous quotes containing the word models:

    Friends broaden our horizons. They serve as new models with whom we can identify. They allow us to be ourselves—and accept us that way. They enhance our self-esteem because they think we’re okay, because we matter to them. And because they matter to us—for various reasons, at various levels of intensity—they enrich the quality of our emotional life.
    Judith Viorst (20th century)