Reviving the Limit Cycle View of Macroeconomic Fluctuations
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https://www.nber.org/papers/w21241
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There is a long tradition in macroeconomics suggesting that market imperfections may explain why economies repeatedly go through periods of booms and busts, with booms sowing the seeds of the subsequent busts. This idea can be captured mathematically as a limit cycle. For several reasons, limit
提供机构:
美国国家经济研究局
创建时间:
2015-06-01



