Real Credit Cycles
收藏NBER2021-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28416
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资源简介：
We incorporate diagnostic expectations into a workhorse neoclassical business cycle model with heterogeneous firms and risky debt. A realistic degree of diagnostic overreaction estimated from US firm forecasts generates economic fragility during good times, countercyclical credit spreads, and boom
提供机构：
美国国家经济研究局
创建时间：
2021-02-01
