MPCs, MPEs and Multipliers: A Trilemma for New Keynesian Models
收藏NBER2020-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27486
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资源简介：
We show that New Keynesian models with frictionless labor supply face a challenge: given standard parameters, they cannot simultaneously match plausible estimates of marginal propensities to consume (MPCs), marginal propensities to earn (MPEs), and fiscal multipliers. A HANK model with sticky wages
提供机构：
美国国家经济研究局
创建时间：
2020-07-01
