Self-fulfilling fluctuations in HANK economies
收藏NBER2024-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32462
下载链接
链接失效反馈官方服务：
资源简介：
We show that in Heterogeneous-Agent New-Keynesian (HANK) economies with countercyclical risk the natural interest rate is endogenous and co-moves with output, leaving the economy sus-ceptible to self-fulfilling fluctuations. Unlike in Representative-Agent New-Keynesian models, the Taylor principle
提供机构：
美国国家经济研究局创建时间：
2024-05-01
