Aurélien Goutsmedt, Erich Pinzon-Fuchs, Matthieu Renault, Francesco Sergi
Abstract. The standard history of macroeconomics considers Lucas (1976)– “the Lucas Critique” –as a path-breaking innovation for the discipline. According to this view Lucas’s...
The recent literature on fossil energy has already stated that oil is not perfectly substitutable to other inputs, considering fossil fuel as a critical...
