Rational expectations, New Classicals, and Real Business Cycles Schools

Summary:
[embedded content] A video conversation with LP Rochon and my co-author Bill McColloch on our chapter for the forthcoming book on the history of ideas. Many topics, including Friedman vs Lucas relevance, the Lucas critique, the empirical turn in the profession, and more. More info on the book soon.

Topics:
Matias Vernengo considers the following as important: Lucas, McColloch, Milton Friedman, Natural Rate, rational expectations, RBC

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