Confidence and the Propagation of Demand Shocks
收藏NBER2020-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27702
下载链接
链接失效反馈官方服务：
资源简介：
We revisit the question of why shifts in aggregate demand drive business cycles. Our theory combines intertemporal substitution in production with rational confusion, or bounded rationality, in consumption and investment. The first element allows aggregate supply to respond to shifts in aggregate
提供机构：
美国国家经济研究局
创建时间：
2020-08-01
