Improper Churn: Social Costs and Macroeconomic Consequences
收藏NBER1998-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6717
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资源简介：
This paper assembles elements that are essential in forming an integral picture of the way a churning' economy functions and of the disruptions caused by transactional difficulties in labor and financial markets. We couch our analysis in a stochastic equilibrium model anchored with US evidence on
提供机构：
美国国家经济研究局
创建时间：
1998-09-01
