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Did Mainstream Econometric Models Fail to Anticipate the Inflationary Surge?

Lawrence Klein

Chapter 12 in Issues in Contemporary Macroeconomics and Distribution, 1985, pp 289-296 from Palgrave Macmillan

Abstract: Abstract The critics of the neoclassical-Keynesian synthesis of macroeconomics usually cite a failure of such models to anticipate the great surge of inflation during the 1970s.1

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06879-1_12

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DOI: 10.1007/978-1-349-06879-1_12

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