search-for-yield / to economic systems / endogenous systems / /
MarketIndex
S&P 500 / S&P Dow Jones / /
Movie
Alice in Wonderland / /
Organization
US Department of Health and Human Services / Board of Governors of the Federal Reserve System / US Department of Commerce / US Federal Reserve / Bureau of Economic Analysis / Federal Open Market Committee / Department of the Treasury / Centers for Disease Control and Prevention / /
Person
Robert Lucas / Thomas J. Sargent / Bernanke / H. Makin Key / Stanley Fischer Fed / Robert E. Lucas / John H. Makin / /
Position
Chairman / /
PublishedMedium
Journal of Political Economy / Journal of Economic Theory / /
Endogeneity: Why Policy and Antibiotics Fail By John H. Makin Key points in this Outlook: • Just as bacteria are able to adapt and evolve to become resistant to antibiotics, firms and households can anticipate and adap