Intertemporal Substitution and the Business Cycle
收藏NBER1980-06-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w0490
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资源简介:
This paper summarizes the theoretical role of intertemporal substitution variables in the "new classical macroeconomics." An important implication is that positive monetary shocks tend to raise expected real returns that are calculated from the usual partial information set, but tend to lower
提供机构:
美国国家经济研究局
创建时间:
1980-06-01



