Confidence, Crashes and Animal Spirits
收藏NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14846
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资源简介：
This paper presents a model of the macroeconomy that reformulates what I take to be two important ideas from Keynes General Theory. The first is that there may be a continuum of steady state unemployment rates. The second is that beliefs select an equilibrium. I argue that search and matching costs
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美国国家经济研究局创建时间：
2009-04-01
