Are Macro Shocks Second Order?
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https://www.nber.org/papers/w34896
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资源简介：
This paper addresses two fundamental macroeconomics questions. First, are macro shocks large enough to alter the course of the economy? Second, are they large enough to materially impact economic welfare? Lucas and many others have addressed these issues, but do so primarily in the context of
提供机构：
美国国家经济研究局
创建时间：
2026-03-01
