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Productivity and Misallocation in General Equilibrium

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NBER2017-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24007
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This paper develops a general theory of aggregation in inecient economies. We provide non-parametric formulas for aggregating microeconomic shocks in economies with distortions such as taxes, markups, frictions to resource reallocation, financial frictions, and nominal rigidities. We allow for
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2017-11-01
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