文章基本信息

标题：THE LUCAS VARIABILITY HYPOTHESIS ON THE PHILLIPS CURVE
本地全文：下载
作者：Rahmi YAMAK ; Yakup KÜÇÜKKALE
期刊名称：Ekonomik Yaklasim
印刷版ISSN：1300-1868
出版年度：1997
卷号：8
期号：27
页码：259-282
DOI：10.5455/ey.10276
语种：Turkish
出版社：International Medical Journal Management and Indexing System
摘要：The purpose of this study is to review the empirical literature on the Lucas variability hypothesis. The Lucas variability hypothesis states that the reaction of real output to changes in aggregate demand depends negatively on the variance of the changes of aggregate demand. In the literature there are many applications of the Lucas hypothesis in different respects. We divided empirical studies into three groups with regard to type of data used in econometric analysis; cross-sectional intertemporal and cross-industries studies. The evidences provided by the existing studies are not clear to make conclusion about empirical validity of the hypothesis. We can only conclude that the validity of the hypothesis depends on the econometric methodology, frequency of data, time period, size of the sample used in empirical studies.
关键词：na