{"id":216,"date":"2024-07-21T14:40:19","date_gmt":"2024-07-21T14:40:19","guid":{"rendered":"https:\/\/mostinsight.com\/?p=216"},"modified":"2024-07-21T14:40:19","modified_gmt":"2024-07-21T14:40:19","slug":"%eb%a1%9c%eb%b2%84%ed%8a%b8-%eb%a3%a8%ec%b9%b4%ec%8a%a4robert-lucas%ec%9d%98-%ed%95%a9%eb%a6%ac%ec%a0%81-%ea%b8%b0%eb%8c%80-%ec%9d%b4%eb%a1%a0rational-expectations-theory","status":"publish","type":"post","link":"https:\/\/mostinsight.com\/%eb%a1%9c%eb%b2%84%ed%8a%b8-%eb%a3%a8%ec%b9%b4%ec%8a%a4robert-lucas%ec%9d%98-%ed%95%a9%eb%a6%ac%ec%a0%81-%ea%b8%b0%eb%8c%80-%ec%9d%b4%eb%a1%a0rational-expectations-theory\/","title":{"rendered":"\ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4(Robert Lucas)\uc758 \ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860(Rational Expectations Theory)"},"content":{"rendered":"<p><strong><br \/>\n\ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4<\/strong>(Robert Lucas)\ub294 \ud604\ub300 \uac70\uc2dc\uacbd\uc81c\ud559\uc758 \ubc1c\uc804\uc5d0 \uc9c0\ub300\ud55c \uc601\ud5a5\uc744 \ubbf8\uce5c \uacbd\uc81c\ud559\uc790\ub85c, \ud2b9\ud788 \ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860(Rational Expectations Theory)\uc758 \ucc3d\uc2dc\uc790\ub85c \uc798 \uc54c\ub824\uc838 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>1937\ub144\uc5d0 \ud0dc\uc5b4\ub09c \uadf8\ub294 \uc2dc\uce74\uace0 \ub300\ud559\uad50\uc5d0\uc11c \uacbd\uc81c\ud559\uc744 \uc804\uacf5\ud558\uace0, \uc774\ud6c4 \uadf8\uacf3\uc5d0\uc11c \uad50\uc218\ub85c \uc7ac\uc9c1\ud558\uba70 \uacbd\uc81c\ud559\uc758 \ub2e4\uc591\ud55c \ubd84\uc57c\uc5d0\uc11c \uc5f0\uad6c\ub97c \uc9c4\ud589\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ub8e8\uce74\uc2a4\ub294 1995\ub144\uc5d0 \ub178\ubca8 \uacbd\uc81c\ud559\uc0c1\uc744 \uc218\uc0c1\ud558\uc600\uc73c\uba70, \uadf8\uc758 \uc5f0\uad6c\ub294 \uacbd\uc81c \uc815\ucc45, \uac70\uc2dc\uacbd\uc81c \ubaa8\ub378, \uadf8\ub9ac\uace0 \uacbd\uc81c \uc608\uce21\uc758 \ubc29\ubc95\ub860\uc5d0 \ud070 \uae30\uc5ec\ub97c \ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-217 aligncenter\" src=\"https:\/\/mostinsight.com\/wp-content\/uploads\/2024\/07\/\ub85c\ubc84\ud2b8\ub8e8\uce74\uc2a4.png\" alt=\"\ub85c\ubc84\ud2b8\ub8e8\uce74\uc2a4\" width=\"237\" height=\"288\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >\ubaa9\ucc28<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mostinsight.com\/%eb%a1%9c%eb%b2%84%ed%8a%b8-%eb%a3%a8%ec%b9%b4%ec%8a%a4robert-lucas%ec%9d%98-%ed%95%a9%eb%a6%ac%ec%a0%81-%ea%b8%b0%eb%8c%80-%ec%9d%b4%eb%a1%a0rational-expectations-theory\/#%EB%A1%9C%EB%B2%84%ED%8A%B8_%EB%A3%A8%EC%B9%B4%EC%8A%A4_%EC%97%B0%EA%B5%AC_%EB%B0%8F_%ED%99%9C%EB%8F%99\" title=\"\ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4 \uc5f0\uad6c \ubc0f \ud65c\ub3d9\">\ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4 \uc5f0\uad6c \ubc0f \ud65c\ub3d9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mostinsight.com\/%eb%a1%9c%eb%b2%84%ed%8a%b8-%eb%a3%a8%ec%b9%b4%ec%8a%a4robert-lucas%ec%9d%98-%ed%95%a9%eb%a6%ac%ec%a0%81-%ea%b8%b0%eb%8c%80-%ec%9d%b4%eb%a1%a0rational-expectations-theory\/#%ED%95%A9%EB%A6%AC%EC%A0%81_%EA%B8%B0%EB%8C%80_%EC%9D%B4%EB%A1%A0\" title=\"\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\">\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mostinsight.com\/%eb%a1%9c%eb%b2%84%ed%8a%b8-%eb%a3%a8%ec%b9%b4%ec%8a%a4robert-lucas%ec%9d%98-%ed%95%a9%eb%a6%ac%ec%a0%81-%ea%b8%b0%eb%8c%80-%ec%9d%b4%eb%a1%a0rational-expectations-theory\/#%EB%A7%BA%EC%9D%8C%EB%A7%90\" title=\"\ub9fa\uc74c\ub9d0\">\ub9fa\uc74c\ub9d0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%EB%A1%9C%EB%B2%84%ED%8A%B8_%EB%A3%A8%EC%B9%B4%EC%8A%A4_%EC%97%B0%EA%B5%AC_%EB%B0%8F_%ED%99%9C%EB%8F%99\"><\/span>\ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4 \uc5f0\uad6c \ubc0f \ud65c\ub3d9<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\ub8e8\uce74\uc2a4\uc758 \uc8fc\uc694 \uc5f0\uad6c \uc5c5\uc801 \uc911 \ud558\ub098\ub294 &#8220;\ub8e8\uce74\uc2a4 \ube44\ud310(Lucas Critique)&#8221;\uc785\ub2c8\ub2e4. \uc774\ub294 \uacbd\uc81c \uc815\ucc45\uc758 \ud6a8\uacfc\ub97c \ud3c9\uac00\ud560 \ub54c, \uc815\ucc45 \ubcc0\ud654\uac00 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc758 \uae30\ub300\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \ubc18\ub4dc\uc2dc \uace0\ub824\ud574\uc57c \ud55c\ub2e4\ub294 \uc8fc\uc7a5\uc744 \ub2f4\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ub8e8\uce74\uc2a4 \ube44\ud310\uc740 \uc804\ud1b5\uc801\uc778 \uacbd\uc81c \ubaa8\ub378\uc774 \uc815\ucc45 \ubcc0\ud654\uc5d0 \ub300\ud55c \ubc18\uc751\uc744 \uc815\ud655\ud788 \ud3ec\ucc29\ud558\uc9c0 \ubabb\ud560 \uc218 \uc788\uc74c\uc744 \uc9c0\uc801\ud558\uba70, \uc0c8\ub85c\uc6b4 \uac70\uc2dc\uacbd\uc81c \ubaa8\ub378\uc758 \ud544\uc694\uc131\uc744 \uac15\uc870\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ube44\ud310\uc740 \uacbd\uc81c\ud559\uc790\ub4e4\uc774 \uc815\ucc45 \ubd84\uc11d\uc744 \uc218\ud589\ud558\ub294 \ubc29\uc2dd\uc5d0 \ud070 \ubcc0\ud654\ub97c \uac00\uc838\uc654\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uadf8\uc758 \uc800\uc11c \uc911 \uac00\uc7a5 \uc720\uba85\ud55c \uac83\uc740 &#8220;Expectations and the Neutrality of Money&#8221;\uc785\ub2c8\ub2e4. \uc774 \ucc45\uc5d0\uc11c \ub8e8\uce74\uc2a4\ub294 \ud1b5\ud654 \uc911\ub9bd\uc131\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \uc2dc\uac01\uc744 \uc81c\uc2dc\ud558\uace0, \uae30\ub300\uac00 \uacbd\uc81c \uc8fc\uccb4\uc758 \ud589\ub3d9\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \ubd84\uc11d\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ub8e8\uce74\uc2a4\uc758 \uc5f0\uad6c\ub294 \uacbd\uc81c\ud559\uc5d0\uc11c \uae30\ub300\uc758 \uc5ed\ud560\uc5d0 \ub300\ud55c \uc774\ud574\ub97c \uc2ec\ud654\uc2dc\ucf30\uc73c\uba70, \uadf8\uc758 \uc774\ub860\uc740 \uc774\ud6c4\uc758 \uac70\uc2dc\uacbd\uc81c\ud559 \uc5f0\uad6c\uc5d0 \uc9c0\ub300\ud55c \uc601\ud5a5\uc744 \ubbf8\ucce4\uc2b5\ub2c8\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%ED%95%A9%EB%A6%AC%EC%A0%81_%EA%B8%B0%EB%8C%80_%EC%9D%B4%EB%A1%A0\"><\/span>\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\uc740 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \ubbf8\ub798\uc758 \uacbd\uc81c \uc0c1\ud669\uc5d0 \ub300\ud55c \uae30\ub300\ub97c \ud615\uc131\ud560 \ub54c, \uc774\uc6a9 \uac00\ub2a5\ud55c \ubaa8\ub4e0 \uc815\ubcf4\ub97c \ud569\ub9ac\uc801\uc73c\ub85c \ud65c\uc6a9\ud55c\ub2e4\ub294 \uac00\uc815\uc5d0 \uae30\ubc18\ud569\ub2c8\ub2e4.\u00a0\uc774 \uc774\ub860\uc740 \uacbd\uc81c\ud559\uc758 \uc5ec\ub7ec \ubd84\uc57c\uc5d0\uc11c \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud558\uba70, \ub2e4\uc74c\uacfc \uac19\uc740 \ud575\uc2ec \uac1c\ub150\uc73c\ub85c \uad6c\uc131\ub429\ub2c8\ub2e4.<\/p>\n<p><strong>1. \uc815\ubcf4\uc758 \ud65c\uc6a9<\/strong><br \/>\n\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\uc740 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \uacfc\uac70\uc758 \uacbd\ud5d8\uacfc \ud604\uc7ac\uc758 \uc815\ubcf4\ub97c \ubc14\ud0d5\uc73c\ub85c \ubbf8\ub798\uc758 \uacbd\uc81c \uc0c1\ud669\uc744 \uc608\uce21\ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud569\ub2c8\ub2e4.<\/p>\n<p>\uc774\ub4e4\uc740 \uacbd\uc81c\uc801 \uc0ac\uac74\uc774 \ubc1c\uc0dd\ud558\uae30 \uc804\uc5d0 \uc774\uc5d0 \ub300\ud55c \uc815\ubcf4\ub97c \uc218\uc9d1\ud558\uace0 \uc774\ub97c \ubd84\uc11d\ud558\uc5ec \ucd5c\uc120\uc758 \uacb0\uc815\uc744 \ub0b4\ub9bd\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \uc18c\ube44\uc790\ub294 \uae08\ub9ac\uac00 \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub420 \ub54c \uc18c\ube44\ub97c \uc904\uc774\uace0 \uc800\ucd95\uc744 \ub298\ub9ac\ub294 \uc2dd\uc73c\ub85c \ud589\ub3d9\ud569\ub2c8\ub2e4.<\/p>\n<p><strong>2. \uc608\uce21\uc758 \uc815\ud655\uc131<\/strong><br \/>\n\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\uc5d0 \ub530\ub974\uba74, \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc740 \uc790\uc2e0\uc758 \uae30\ub300\uac00 \ud3c9\uade0\uc801\uc73c\ub85c \uc815\ud655\ud558\ub2e4\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \uc989, \uc8fc\uccb4\ub4e4\uc774 \uc815\ubcf4\uc5d0 \uae30\ubc18\ud55c \uae30\ub300\ub97c \ud615\uc131\ud560 \ub54c, \uc774\ub7ec\ud55c \uae30\ub300\ub294 \uc2e4\uc81c \uacb0\uacfc\uc640 \uc77c\uce58\ud560 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uc774\ub294 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \ubd88\ud655\uc2e4\ud55c \uc0c1\ud669\uc5d0\uc11c\ub3c4 \ud569\ub9ac\uc801\uc73c\ub85c \ud589\ub3d9\ud558\uace0 \uc788\ub2e4\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4.<\/p>\n<p><strong>3. \uc815\ucc45\uc758 \ube44\ud6a8\uc728\uc131<\/strong><br \/>\n\ub8e8\uce74\uc2a4\ub294 \uacbd\uc81c \uc815\ucc45\uc774 \uc608\uc0c1\ub41c \uacb0\uacfc\ub97c \ucd08\uacfc\ud558\uc5ec \ud6a8\uacfc\ub97c \ubc1c\ud718\ud558\uc9c0 \ubabb\ud560 \uac83\uc774\ub77c\ub294 \uc8fc\uc7a5\uc744 \uc81c\uae30\ud588\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \uc815\ubd80\uac00 \ud1b5\ud654 \uc815\ucc45\uc744 \ud1b5\ud574 \uc2e4\uc5c5\ub960\uc744 \ub0ae\ucd94\ub824 \ud560 \ub54c, \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \uc774\ub7ec\ud55c \uc815\ucc45\uc744 \uc608\uc0c1\ud558\uace0 \uc774\uc5d0 \ub300\ud55c \ub300\uc751\uc744 \ud558\uac8c \ub418\uba74 \uc815\ucc45\uc758 \ud6a8\uacfc\uac00 \uac10\uc18c\ud558\uac8c \ub429\ub2c8\ub2e4.<\/p>\n<p>\uc774\ub294 \uc815\ucc45\uc758 \uc608\uce21 \uac00\ub2a5\uc131\uc774 \ub192\uc544\uc9c8\uc218\ub85d \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \uc0ac\uc804\uc5d0 \uc900\ube44\ub97c \ud558\uac8c \ub418\uc5b4 \uc815\ucc45\uc758 \ud6a8\uacfc\uac00 \uc904\uc5b4\ub4e0\ub2e4\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4.<\/p>\n<p><strong>4. \uc801\uc751\uc801 \uae30\ub300\uc640\uc758 \ucc28\ubcc4\uc131<\/strong><br \/>\n\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\uc740 \uacfc\uac70\uc758 \uacbd\ud5d8\uc5d0 \uae30\ubc18\ud55c \uc801\uc751\uc801 \uae30\ub300 \uc774\ub860\uacfc \ub300\uc870\ub429\ub2c8\ub2e4. \uc801\uc751\uc801 \uae30\ub300\ub294 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \uacfc\uac70\uc758 \uacb0\uacfc\uc5d0 \ub530\ub77c \ubbf8\ub798\uc758 \uae30\ub300\ub97c \uc870\uc815\ud558\ub294 \ubc18\uba74, \ud569\ub9ac\uc801 \uae30\ub300\ub294 \ud604\uc7ac\uc758 \uc815\ubcf4\ub97c \uae30\ubc18\uc73c\ub85c \ubbf8\ub798\ub97c \uc608\uce21\ud558\ub294 \ub370 \uc911\uc810\uc744 \ub461\ub2c8\ub2e4.<\/p>\n<p>\uc774\ub294 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \uacfc\uac70\uc758 \uacbd\ud5d8\uc5d0\ub9cc \uc758\uc874\ud558\uc9c0 \uc54a\uace0, \uc0c8\ub85c\uc6b4 \uc815\ubcf4\uc640 \ubcc0\ud654\ud558\ub294 \uc0c1\ud669\uc5d0 \ube60\ub974\uac8c \ub300\uc751\ud55c\ub2e4\ub294 \uc810\uc5d0\uc11c \ucc28\ubcc4\ud654\ub429\ub2c8\ub2e4.<\/p>\n<p><strong>5. \ubaa8\ub378\uc758 \uac1c\ubc1c<\/strong><br \/>\n\ub8e8\uce74\uc2a4\ub294 \ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\uc744 \uae30\ubc18\uc73c\ub85c \ud55c \uc0c8\ub85c\uc6b4 \uac70\uc2dc\uacbd\uc81c \ubaa8\ub378\uc744 \uac1c\ubc1c\ud588\uc2b5\ub2c8\ub2e4. \uc774 \ubaa8\ub378\uc740 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \ud569\ub9ac\uc801\uc778 \uae30\ub300\ub97c \ud615\uc131\ud558\uace0, \uc774\uc5d0 \ub530\ub77c \uacbd\uc81c\uac00 \uc5b4\ub5bb\uac8c \uc791\ub3d9\ud558\ub294\uc9c0\ub97c \uc124\uba85\ud569\ub2c8\ub2e4.<\/p>\n<p>\ub8e8\uce74\uc2a4\uc758 \ubaa8\ub378\uc740 \ud1b5\ud654\uc815\ucc45, fiscal \uc815\ucc45, \uadf8\ub9ac\uace0 \uacbd\uc81c\uc758 \ub2e4\uc591\ud55c \ubcc0\uc218\ub97c \ud1b5\ud569\ud558\uc5ec \uacbd\uc81c\uc801 \uacb0\uacfc\ub97c \uc608\uce21\ud558\ub294 \ub370 \uc0ac\uc6a9\ub429\ub2c8\ub2e4.<\/p>\n<p><strong>6. \ud1b5\ud654 \uc911\ub9bd\uc131<\/strong><br \/>\n\ub8e8\uce74\uc2a4\ub294 \ud1b5\ud654 \uc911\ub9bd\uc131\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \uc2dc\uac01\uc744 \uc81c\uc2dc\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \ud1b5\ud654 \uacf5\uae09\uc758 \ubcc0\ud654\uac00 \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uc2e4\uc9c8 \uacbd\uc81c\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\uc9c0\ub9cc, \uc7a5\uae30\uc801\uc73c\ub85c\ub294 \uc2e4\uc9c8 \ubcc0\uc218\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uc9c0 \uc54a\ub294\ub2e4\uace0 \uc8fc\uc7a5\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uc989, \ud1b5\ud654 \uc815\ucc45\uc758 \ubcc0\ud654\ub294 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc758 \uae30\ub300\ub97c \ud1b5\ud574 \uc804\ub2ec\ub418\uba70, \uc774\ub85c \uc778\ud574 \uacbd\uc81c\uc758 \uc2e4\uc9c8\uc801\uc778 \uacb0\uacfc\ub294 \ubcc0\ud654\ud558\uc9c0 \uc54a\ub294\ub2e4\uace0 \ubcf4\uc558\uc2b5\ub2c8\ub2e4.<\/p>\n<p><strong>7. \uc815\ucc45\uc758 \uc9c0\uc18d \uac00\ub2a5\uc131<\/strong><br \/>\n\ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\uc740 \uc815\ubd80\uac00 \uacbd\uc81c \uc815\ucc45\uc744 \uc9c0\uc18d\uc801\uc73c\ub85c \uc2dc\ud589\ud560 \uacbd\uc6b0, \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc740 \uc774\ub7ec\ud55c \uc815\ucc45\uc744 \uc608\uc0c1\ud558\uac8c \ub418\uc5b4 \uacb0\uad6d \uc815\ucc45\uc758 \ud6a8\uacfc\uac00 \uac10\uc18c\ud558\uac8c \ub41c\ub2e4\uace0 \uc124\uba85\ud569\ub2c8\ub2e4.<\/p>\n<p>\uc774\ub294 \uc815\ubd80\uac00 \ub2e8\uae30\uc801\uc778 \ubaa9\ud45c\ub97c \ub2ec\uc131\ud558\uae30 \uc704\ud574 \uc815\ucc45\uc744 \ubcc0\uacbd\ud558\ub354\ub77c\ub3c4, \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc740 \uc774\ub7ec\ud55c \ubcc0\ud654\ub97c \uc608\uce21\ud558\uace0 \uc774\uc5d0 \ub9de\ucdb0 \ud589\ub3d9\ud558\uac8c \ub418\uc5b4 \uc815\ucc45\uc758 \ud6a8\uacfc\uac00 \uc57d\ud654\ub41c\ub2e4\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%EB%A7%BA%EC%9D%8C%EB%A7%90\"><\/span>\ub9fa\uc74c\ub9d0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\ub8e8\uce74\uc2a4\uc758 \ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860\uc740 \uac70\uc2dc\uacbd\uc81c\ud559\uc758 \ud328\ub7ec\ub2e4\uc784\uc744 \ubcc0\ud654\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. \uc804\ud1b5\uc801\uc778 \uac70\uc2dc\uacbd\uc81c \ubaa8\ub378\uc740 \uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \ube44\ud569\ub9ac\uc801\uc73c\ub85c \ud589\ub3d9\ud55c\ub2e4\uace0 \uac00\uc815\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc558\uc73c\ub098, \ub8e8\uce74\uc2a4\ub294 \uc8fc\uccb4\ub4e4\uc774 \ud569\ub9ac\uc801\uc73c\ub85c \uae30\ub300\ub97c \ud615\uc131\ud568\uc73c\ub85c\uc368 \uacbd\uc81c\uc758 \ub3d9\ud0dc\ub97c \uc124\uba85\ud560 \uc218 \uc788\ub2e4\uace0 \uc8fc\uc7a5\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uc774\ub85c \uc778\ud574 \uacbd\uc81c\ud559\uc790\ub4e4\uc740 \uc815\ucc45 \ubd84\uc11d\uacfc \uc608\uce21\uc744 \uc704\ud55c \uc0c8\ub85c\uc6b4 \uc811\uadfc\ubc95\uc744 \uac1c\ubc1c\ud558\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uacbd\uc81c \uc8fc\uccb4\ub4e4\uc774 \uc815\ubcf4\ub97c \ud65c\uc6a9\ud558\uc5ec \ubbf8\ub798\ub97c \uc608\uce21\ud558\ub294 \ubc29\uc2dd\uc5d0 \ub300\ud55c \uc911\uc694\ud55c \ud1b5\ucc30\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \uadf8\uc758 \uc5f0\uad6c\ub294 \uacbd\uc81c \uc815\ucc45\uc758 \ud6a8\uacfc\ub97c \ubd84\uc11d\ud558\ub294 \ub370 \uc788\uc5b4 \ud544\uc218\uc801\uc778 \uc694\uc18c\ub85c \uc790\ub9ac \uc7a1\uc558\uc73c\uba70, \ud604\ub300 \uac70\uc2dc\uacbd\uc81c\ud559\uc758 \uae30\ucd08\ub97c \ub2e4\uc9c0\ub294 \ub370 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ub8e8\uce74\uc2a4\uc758 \uc774\ub860\uc740 \uacbd\uc81c\ud559\uc790\ub4e4\uc774 \uacbd\uc81c \ud604\uc0c1\uc744 \uc774\ud574\ud558\uace0 \ubd84\uc11d\ud558\ub294 \ub370 \uc788\uc5b4 \uc9c0\uc18d\uc801\uc73c\ub85c \uc601\ud5a5\uc744 \ubbf8\uce58\uace0 \uc788\uc73c\uba70, \uc624\ub298\ub0a0\uc5d0\ub3c4 \uc5ec\uc804\ud788 \ub9ce\uc740 \uc5f0\uad6c\uc790\ub4e4\uc5d0\uac8c \uc601\uac10\uc744 \uc8fc\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4(Robert Lucas)\ub294 \ud604\ub300 \uac70\uc2dc\uacbd\uc81c\ud559\uc758 \ubc1c\uc804\uc5d0 \uc9c0\ub300\ud55c \uc601\ud5a5\uc744 \ubbf8\uce5c \uacbd\uc81c\ud559\uc790\ub85c, \ud2b9\ud788 \ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860(Rational Expectations Theory)\uc758 \ucc3d\uc2dc\uc790\ub85c \uc798 \uc54c\ub824\uc838 \uc788\uc2b5\ub2c8\ub2e4. 1937\ub144\uc5d0 \ud0dc\uc5b4\ub09c \uadf8\ub294 \uc2dc\uce74\uace0 \ub300\ud559\uad50\uc5d0\uc11c \uacbd\uc81c\ud559\uc744 \uc804\uacf5\ud558\uace0, \uc774\ud6c4 \uadf8\uacf3\uc5d0\uc11c \uad50\uc218\ub85c \uc7ac\uc9c1\ud558\uba70 \uacbd\uc81c\ud559\uc758 \ub2e4\uc591\ud55c \ubd84\uc57c\uc5d0\uc11c \uc5f0\uad6c\ub97c \uc9c4\ud589\ud588\uc2b5\ub2c8\ub2e4. \ub8e8\uce74\uc2a4\ub294 1995\ub144\uc5d0 \ub178\ubca8 \uacbd\uc81c\ud559\uc0c1\uc744 \uc218\uc0c1\ud558\uc600\uc73c\uba70, \uadf8\uc758 \uc5f0\uad6c\ub294 \uacbd\uc81c \uc815\ucc45, \uac70\uc2dc\uacbd\uc81c \ubaa8\ub378, \uadf8\ub9ac\uace0 \uacbd\uc81c \uc608\uce21\uc758 \ubc29\ubc95\ub860\uc5d0 \ud070 \uae30\uc5ec\ub97c \ud588\uc2b5\ub2c8\ub2e4. \ub85c\ubc84\ud2b8 &#8230; <a title=\"\ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4(Robert Lucas)\uc758 \ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860(Rational Expectations Theory)\" class=\"read-more\" href=\"https:\/\/mostinsight.com\/%eb%a1%9c%eb%b2%84%ed%8a%b8-%eb%a3%a8%ec%b9%b4%ec%8a%a4robert-lucas%ec%9d%98-%ed%95%a9%eb%a6%ac%ec%a0%81-%ea%b8%b0%eb%8c%80-%ec%9d%b4%eb%a1%a0rational-expectations-theory\/\" aria-label=\"Read more about \ub85c\ubc84\ud2b8 \ub8e8\uce74\uc2a4(Robert Lucas)\uc758 \ud569\ub9ac\uc801 \uae30\ub300 \uc774\ub860(Rational Expectations Theory)\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[4],"tags":[52,65,75,76],"class_list":["post-216","post","type-post","status-publish","format-standard","hentry","category-theory","tag-52","tag-65","tag-75","tag-76"],"_links":{"self":[{"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/posts\/216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/comments?post=216"}],"version-history":[{"count":3,"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/posts\/216\/revisions"}],"predecessor-version":[{"id":220,"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/posts\/216\/revisions\/220"}],"wp:attachment":[{"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/media?parent=216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/categories?post=216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostinsight.com\/wp-json\/wp\/v2\/tags?post=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}