Price Level and Inflation Dynamics in Heterogeneous Agent Economies
收藏NBER2023-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31433
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资源简介：
We study equilibria in a heterogeneous-agent incomplete-market economy with nominal government debt and flexible prices. Unlike in representative agent economies, steady-state equilibria exist when the government runs persistent deficits, provided that the level of deficits is not too large. In
提供机构：
美国国家经济研究局
创建时间：
2023-07-01
