Ambiguous Business Cycles
收藏NBER2012-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17900
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资源简介：
This paper considers business cycle models with agents who dislike both risk and ambiguity (Knightian uncertainty). Ambiguity aversion is described by recursive multiple priors preferences that capture agents' lack of confidence in probability assessments. While modeling changes in risk typically
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美国国家经济研究局创建时间：
2012-03-01
