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News Driven Business Cycles: Insights and Challenges

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NBER2013-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19411
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资源简介:
There is a widespread belief that changes in expectations may be an important independent driver of economic fluctuations. The news view of business cycles offers a formalization of this perspective. In this paper we discuss mechanisms by which changes in agents' information, due to the arrival of
创建时间:
2013-09-01
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