Estimation of dynamic labor demand schedules under rational expectations

TL;DR: This paper pointed out that forecasting from econometric models is not more accurate than forecasting from simple mechanical schemes or autoregressions, contrary to the evidence, and pointed out the failure of econometrics to remain stable over time.

TL;DR: In this article, three independent inquiries into consequences of the rise in women's labor force participation rate (LFPR) in the United States since 1946 are discussed, and the effect of the growth on the inequality in income among husband-wife families is summarized and the impact on income inequality in other family structures is discussed.

TL;DR: In this paper, a mise en perspective of modelisation macroeconomique is proposed, based on a reconstruction epistemologique of l'histoire recente de la macroeconomie, a savoir une analyse des differents criteres qui definissent the validite and the pertinence d'un modele.

TL;DR: In this article, the relative importance of short-and long-run predictability is investigated in a model of rational dynamic adjustment to a changing environment. But short-run predictions can partially substitute for long run predictions if decision-makers can adjust their activities over time.

TL;DR: In this article, it is shown that the cross spectrum between two variables can be decomposed into two parts, each relating to a single causal arm of a feedback situation, and measures of causal lag and causal strength can then be constructed.

TL;DR: In this article, the authors provide an excellent introduction to feedback control system design, including a theoretical approach that captures the essential issues and can be applied to a wide range of practical problems.

TL;DR: In this paper, the relative fixity of capital is introduced explicitly into the formulation of the firm's maximum problem and used this formulation to obtain a precise definition of the industry's "short run" and "long run" equilibrium posi-