Fragility of Purely Real Macroeconomic Models
收藏NBER2016-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21866
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资源简介：
Over the past thirty years, a great deal of business cycle research has been based on purely real models that abstract from the presence of nominal rigidities, and so (at least implicitly) assume that the Phillips curve is vertical. In this paper, I show that such models are fragile, in the sense
提供机构：
美国国家经济研究局
创建时间：
2016-01-01
