Lucas's critique, based on rational expectations, argues that it is not enough to use econometric models to evaluate policy. In this regard, explain the comparison of the new classical macroeconomic...

Lucas's critique, based on rational expectations, argues that it is not enough to use econometric models to evaluate policy. In this regard, explain the comparison of the new classical macroeconomic model, the new Keynesian model and the traditional model on the impact of rational expectations on the aggregate economy!