1. Why are the comovements in aggregate economic variables important?
2. What did Robert Lucas say about the comovements among economic variables?
3. How can we discern positive and negative correlation in a time series plot? In a scatter plot?
1. Why are the comovements in aggregate economic variables important?
2. What did Robert Lucas say about the comovements among economic variables?
3. How can we discern positive and negative correlation in a time series plot? In a scatter plot?