Continuous Variation (CVAR)

Share this post

The General Theory Ch. 9

www.continuousvariation.com

The General Theory Ch. 9

short chapter necessitates a historical detour

Alex
Jun 15, 2021
∙ Paid
9
Share

“[T]he "long-run" implications of current forecasting models are without content, and the short-term forecasting ability of these models provides no evidence of the accuracy to be expected from simulations of hypothetical policy rules.” – Robert Lucas, Econometric Policy Evaluation: A Critique

“Why did you spend the '90s cowering?
Why did you spend the '9…

Keep reading with a 7-day free trial

Subscribe to Continuous Variation (CVAR) to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2023 Alex Williams
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing