Was the Great Depression a Low-Level Equilibrium?
收藏NBER1991-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3726
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资源简介：
Was the Great Depression the outcome of a massive coordination failure? Or was it a unique equilibrium response to adverse shocks? More generally, do aggregates fluctuate partly because agents occasionally settle on inferior, low-level equilibria? These questions lie at the heart of the current
提供机构：
美国国家经济研究局
创建时间：
1991-06-01
