Pseudo-wealth and Consumption Fluctuations
收藏NBER2016-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22838
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资源简介：
This paper provides an explanation for situations in which the state variables describing the economy do not change, but aggregate consumption experiences significant changes. We present a theory of pseudo-wealthindividuals perceived wealth that is derived from heterogeneous beliefs and expectations
提供机构：
美国国家经济研究局
创建时间：
2016-11-01
