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21st Century Macro

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NBER2020-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26791
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In the 21st century, many key macroeconomic variables in the developed world have been persistently low, including inflation, output, growth, interest rates (both real and nominal), and labor share. I consider a class of standard representative agent rational expectations models in which
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2020-03-01
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