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Microeconomic Adjustment Hazards and Aggregate Dynamics

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NBER1992-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4090
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The basic premise of this paper is that understanding aggregate dynamics requires considering that agents are heterogeneous and that they do not adjust continuously to the shocks they perceive. We provide a general characterization of lumpy behavior at the microeconomic level in terms of an
创建时间:
1992-06-01
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