Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?
收藏NBER1982-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0855
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资源简介：
Knife-edge stability is a common property of dynamic monetary models assuming perfect foresight or rational expectations. These models can be closed with the assumption that the economy's equilibrium lies on the unique convergent path (the saddlepath). While this empirically plausible assumption
提供机构：
美国国家经济研究局
创建时间：
1982-02-01
