"Using the popular macroeconomic models of the time, Lucas and Sargent showed how replacing traditional assumptions ab…"

"So monetary policy decisions tend to regress toward the mean and to be inertial—and hence biased in just the same way…"

"Most mainstream macroeconomic theoretical innovations since the 1970s (the New Classical rational expectations revolu…"

"Its development of Mises’s theory of action anticipated much of the rational expectations idea that would later win R…"

"The current macroeconometrics literature has proposed two ways to confront general equilibrium rational expectations …"

"The Keynesian econometric methodology developed by Klein and associates was criticized by Lucas in his 1976 “Critique…"

"The rational expectations revolution of the 1970s threw out the textbook Keynesian apparatus because it did not cope …"

"In the early 1970s,... economists began to embrace the Rational Expectations Hypothesis (REH), according to which mar…"

"Nonetheless, as Paul Krugman’s popular writings have indicated,economists’ confidence in their ability to guide the e…"

"One troublesome aspect is the place of rational expectations macroeconomics in the often political debate over Keynes…"