Talas, Emrah; Kaplan, Fatih; Celik, Ali Kemal - In: Research in World Economy 4 (2013) 2, pp. 36-42
The effects of policies are represented by the parameters of the concerning estimated model. As Lucas critique suggests unless the parameters change with respect to policies, the existing policies will be valid in the long-run. However, policy change can be observed at an unknown point and...
