Multiple Equilibria and Persistence in Aggregate Fluctuations
收藏NBER1991-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3629
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资源简介：
This paper explores the impact of incomplete markets and strong complementarities on the time series properties of aggregate activity. We consider an economy which consists of a large number of industries whose production functions both are nonconvex and exhibit localized technological
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美国国家经济研究局创建时间：
1991-02-01
