Economy, asked by ZarifBey, 9 months ago

Explain the “Lucas Critique”. Briefly, discuss the importance of evaluating the effectiveness of economic policy.

Answers

Answered by Shanaya1220

0

Answer:

Answer:The Lucas critique, named for Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data.

hope it helps you...

please mark as brainliest

Previous Question

Next Question

Similar questions

History, 4 months ago

h. What do the Upanishads explain? (one word) ...

Chemistry, 4 months ago

urgent please answer correct...

Chemistry, 4 months ago

Date: 1 5.) Identify the double decomposition reaction. a) Hydrogen burns in air b) Electrolysis of water c)digestion of food in our body d) addition of dilute sulphuric acid to barium chloride solution.

Economy, 9 months ago

Explain how the real business cycle model explains the key business cycle facts.

Economy, 9 months ago

Explain the significance of Phillips curve relationships in conduction monetary policy?

Chemistry, 1 year ago

5.25 newton is equals to how many dyne...

English, 1 year ago

study the picture and write a composition exactly based on it. your composition must have a clear connection with the picture<br /><br />pleas answer me fast ... it is of Varanasi Ghhat. pleas hurry up plz...

Biology, 1 year ago

write down the name of cell organelles of Eukaryotic cell...