References in periodicals archive ?
If these economists were correct, that this recession was a departure from the patterns of others, then it stands to reason that economies would cease behaving in accordance to the plucking model, which is precisely what has happened This is not in any way the "Texas sharpshooter fallacy," where after the fact the "test" of a theory is defined so that the theory passes; the plucking model has been one of the primary rationales as to why ABCT was dismissed by macroeconomists.