The "Lucas critique", as it was called, brought its author fame and a Nobel prize. But it dealt a big blow to the confidence of model-makers.

被称为“卢卡斯批判”的理论虽然给它的提出者带来了声望以及诺贝尔奖章，却极大挫伤了模型构造者的锐气。

youdao

As (in an excellent summary) Alex Tabarrok puts it, their work separately grappled with different ways of addressing the Lucas Critique of 1976.

正如alex Tabarrok所形容的，他们的成果分别各自以不同方法解决了1976年的卢卡斯批判。

youdao

We can also see it as a corollary of the Lucas Critique.

FORBES: The Baltic Dry Index and Goodhart's Law

The Lucas-Sargent critique calls into serious question Keynesian discretionary policy.

FORBES: Thomas Sargent, Rational Expectations And The Keynesian Consensus