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A Capital Market In an Equilibrium Business Cycle Model

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NBER1979-03-01 更新2025-01-04 收录
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Previous equilibrium "business cycle" models are extended by the incorporation of an economy-wide capital market. One aspect of this ex-tension is that the relative price that appears in commodity supply and demand functions becomes an anticipated real rate of return on earning assets, rather than a

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1979-03-01
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