Top 7 Economic Models Developed by F.E. Kydland and E.C. Prescott
The following points highlight the top seven economic models developed by F.E. Kydland and E.C. Prescott. Economic Model # 1. New Classical Model: To the "rational expectationists", counter cyclical monetary and fiscal policies will not make the economy more or less stable than it would otherwise be; they believe that such policies will not make the economy more or less [...]