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Rational Expectations and the Natural Rate Hypothesis: Some Consistent Estimates
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Publications
Rational Expectations and the Natural Rate Hypothesis: Some Consistent Estimates
Rational Expectations and the Natural Rate Hypothesis: Some Consistent Estimates
BM
B. T. McCallum
B. T. McCallum
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1 January 1976
journal article
Published by
JSTOR
in
Econometrica
Vol. 44
(1)
,
43
https://doi.org/10.2307/1911379
Abstract
Proceeding under the assumption that expectations are formed rationally, this paper describes a procedure for consistent estimation of equations involving unobs...
Keywords
RATIONAL EXPECTATIONS
RATE HYPOTHESIS
NATURAL RATE
CONSISTENT ESTIMATES
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Cited by 253 articles