Occasional X: Paradigm Shift (XCI)

#Economics#AllYouNeedToKnow

“The Lucas Critique was not about the number of parameters in econometric models, but the nature of parameters (structural vs reduced form); and his advice was not to simplify models, but to build them from assumptions on economic primitives like… pic.twitter.com/XBGSWnVU5i

— AXEC (@EgmontHandtke) December 10, 2025

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