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Unemployment Insurance in Macroeconomic Stabilization with Imperfect Expectations

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NBER2026-09-01 更新2026-09-11 收录
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Automatic stabilizers can respond to a recession without a new policy decision, but their effects on aggregate demand may still only arrive with delay. We study the transmission lag for unemployment insurance extensions in a heterogeneous-agent New Keynesian model that closely matches the incidence

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2026-09-01
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