Intermediate Goods and Business Cycles: Implications for Productivity and Welfare
收藏NBER1994-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4817
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资源简介：
This paper presents an aggregate demand-driven model of business cycles that provides a new explanation for the procyclicality of productivity, and simultaneously predicts large welfare losses from monetary non-neutrality. The key features of the model are an input- output production structure,
提供机构：
美国国家经济研究局
创建时间：
1994-08-01
