Is the Macroeconomy Locally Unstable and Why Should We Care?
收藏NBER2016-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22275
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资源简介：
In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady state. In this paper, we examine whether the time series behavior of macroeconomic aggregates
提供机构：
美国国家经济研究局
创建时间：
2016-05-01
