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Best Rational Expectations

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Best 1 Robert Lucas

Robert Lucas (1937–2023) was an American economist who won the 1995 Nobel Prize for developing rational expectations theory, which transformed macroeconomics and led to the Lucas critique of policy evaluation.

2 Thomas Sargent

Thomas Sargent is an American economist who shared the 2011 Nobel Prize for his empirical research on cause and effect in macroeconomics, particularly applying rational expectations to study monetary policy.

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