Labor-Market Heterogeneity, Aggregation, and the Lucas Critique
收藏NBER2010-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16401
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资源简介：
This paper assesses biases in policy predictions due to the lack of invariance of "structural'' parameters in representative-agent models. We simulate data under various fiscal policy regimes from a heterogeneous-agents economy with incomplete asset markets and indivisible labor supply. Imperfect
提供机构：
美国国家经济研究局
创建时间：
2010-09-01
