Revisiting the Forecasts of Others
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下载链接：
https://www.nber.org/papers/w33794
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资源简介：
In macroeconomic models with dispersed information, agents have an incentive to learn from endogenous variables, which themselves depend on the forecasts of others. This paper revisits the model of Townsend (1983) to characterize how this mechanism affects equilibrium dynamics. The first part of the
提供机构：
美国国家经济研究局
创建时间：
2025-05-01
