Uncertainty Shocks in a Model of Effective Demand
收藏NBER2012-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18420
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资源简介：
Can increased uncertainty about the future cause a contraction in output and its components? An identified uncertainty shock in the data causes significant declines in output, consumption, investment, and hours worked. Standard general-equilibrium models with flexible prices cannot reproduce this
提供机构：
美国国家经济研究局
创建时间：
2012-09-01
