Information Aggregation in a DSGE Model
收藏NBER2014-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20193
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资源简介：
We introduce the information microstructure of a canonical noisy rational expectations model (Hellwig, 1980) into the framework of a conventional real business cycle model. Each household receives a private signal about future productivity. In equilibrium, the stock price serves to aggregate and
提供机构：
美国国家经济研究局
创建时间：
2014-06-01
