“The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.Quote by Thomas J SargentTopics: Quotes about Thomas J SargentShare on:FacebookPinterestWhatsApp
Lucas attended a conference on rational expectations at the University of Minnesota in the spring...#Thomas J Sargent
There was a danger that skeptics and opponents would misread those likelihood ratio tests as...#Thomas J Sargent
