Rudd, Jeremy B. (contributor); Whelan, Karl (contributor) - 2005
perceived to
be robust to the Lucas critique in a way that earlier econometric models of in ation are
not. We review the … behavior of in ation
without being subject to the Lucas critique, but it is well known that it generates extremely … ation in these models has led to their being
criticized as being especially susceptible to the Lucas critique. As we show …