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A Behavioral New Keynesian Model

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NBER2016-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22954
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资源简介:
This paper presents a framework for analyzing how bounded rationality affects monetary and fiscal policy. The model is a tractable and parsimonious enrichment of the widely-used New Keynesian model with one main new cognitive discounting parameter, which quantifies how poorly agents understand
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2016-12-01
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