Disasters Risk and Business Cycles
收藏NBER2009-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15399
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资源简介：
To construct a business cycle model consistent with the observed behavior of asset prices, and study the effect of shocks to aggregate uncertainty, I introduce a small, time-varying risk of economic disaster in a standard real business cycle model. The paper establishes two simple theoretical
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美国国家经济研究局创建时间：
2009-10-01
