Unsticking the Flypaper Effect in an Uncertain World
收藏NBER2015-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21436
下载链接
链接失效反馈官方服务：
资源简介：
We provide a novel explanation for the flypaper effect based on insurance arguments. In our model, the flypaper effect arises due to the differential response of precautionary savings to private income or fiscal transfers shocks in an uncertain world with incomplete markets. The model generates two
提供机构：
美国国家经济研究局
创建时间：
2015-08-01
