Tests of the Lucas supply curve with price expectational data

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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.

Original languageEnglish
Pages (from-to)195-197
Number of pages3
JournalApplied Economics Letters
Volume4
Issue number3
DOIs
Publication statusPublished - 1 Jan 1997

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