Tests of the Lucas supply curve with price expectational data

Jakob Madsen

Applied Economics Letters, 1997, vol. 4, issue 3, 195-197

Abstract: The Lucas supply curve is tested using EEC price expectational data. The tests failed to find any evidence of a positively sloped aggregate supply curve due to worker and producer misperception.

Date: 1997
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DOI: 10.1080/135048597355500

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