Parameter Learning in General Equilibrium: The Asset Pricing Implications
收藏NBER2013-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19705
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资源简介：
Parameter learning strongly amplifies the impact of macro shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumption risks. We consider general equilibrium models
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美国国家经济研究局创建时间：
2013-12-01
