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Abraham and James applied econometric applied econometrician Blinder Working Paper Bureau of Economic Charles Engel coming from Figure consumer's Deficits demand function depicted in Figure directly observed discrete choice Don Fullerton ECONOMETRICS Alan Economic Research economy-wide data Equilibrium estimate the slopes estimate the taste estimated demand curve example Grossman Hansen and Sargent indifference curve interpret King and Don Lars E.O. Svensson lead to grievous least squares log(l+X1 Lucas critique Macroeconomic market demand curve Mishkin Monetary Policy National Bureau NBER WORKING PAPER Number Author numeraire old econometrics optimization problems solved parameters that presumably plim price and quantity rational expectations Real Interest Rates regime change representative consumer Richard Quandt Robert Sebastian Edwards SERIES A SKEPTICAL SKEPTICAL NOTE solved by representative stochastic process style of econometric suggested supply and demand supply curve taste and technology taste parameter technology parameters Title Date Torsten Persson tPt+1 true demand curve utility function Victor Zarnowitz West Germany