Wealth and Volatility
收藏NBER2015-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20994
下载链接
链接失效反馈官方服务：
资源简介：
Periods of low household wealth in United States macroeconomic history have also been periods of high business cycle volatility. This paper develops a simple model that can exhibit self-fulfilling fluctuations in the expected path for unemployment. The novel feature is that the scope for sunspot
提供机构：
美国国家经济研究局
创建时间：
2015-03-01
