Does the New Keynesian Model Have a Uniqueness Problem?
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This paper addresses whether non-uniqueness of equilibrium is a substantive problem for the analysis of fiscal policy in New-Keynesian (NK) models at the zero lower bound (ZLB). There would be a substantive problem if there were no compelling way to select among different equilibria that give
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美国国家经济研究局创建时间：
2018-05-01
