The Wobbly Economy: Global Dynamics with Phase and State Transitions
收藏NBER2022-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29806
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资源简介：
We analyze global dynamics in the standard life-cycle model with production, showing that there can be a plethora of rational expectations dynamics, including wobbly macro-dynamics. Depending on peoples beliefs, the macroeconomy can bounce around infinitely, without converging, without regular
提供机构：
美国国家经济研究局
创建时间：
2022-02-01
