The Lucas critique revisited: Assessing the stability of empirical Euler equations for investment

DOI10.1016/0304-4076(94)01693-3zbMath0834.62107OpenAlexW2069719026MaRDI QIDQ1906299

Glenn D. Rudebusch, Daniel Sichel, Stephen D. Oliner

Publication date: 8 April 1996

Published in: Journal of Econometrics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4076(94)01693-3

zbMATH Keywords

Euler equationsbusiness investmentLucas critiquerational expectations modelsmultiple breakpointssplit-sample tests

Mathematics Subject Classification ID

Applications of statistics to economics (62P20)

Related Items (2)

Estimation and testing of Euler equation models with time-varying reduced-form coefficients ⋮ Optimal investment with lumpy costs

Cites Work

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