Policy-ineffectiveness proposition
id:
policy-ineffectiveness-proposition-185-5753085
title:
Policy-ineffectiveness proposition
text:
The policy-ineffectiveness proposition (PIP) is a new classical theory proposed in 1975 by Thomas J. Sargent and Neil Wallace based upon the theory of rational expectations, which posits that monetary policy cannot systematically manage the levels of output and employment in the economy.
brand slug:
wiki
category slug:
encyclopedia
description:
Economic theory
original url:
https://en.wikipedia.org/wiki/Policy-ineffectiveness_proposition
date created:
2005-04-29T08:57:02Z
date modified:
2024-09-07T18:12:55Z
main entity:
{"identifier":"Q7209668","url":"https://www.wikidata.org/entity/Q7209668"}
image:
fields total:
13
integrity:
15