Unsticking the Flypaper Effect in an Uncertain World
收藏NBER2015-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21436
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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
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美国国家经济研究局创建时间：
2015-08-01
