Temporary Shocks and Unavoidable Transistions to a High-Unemployment Regime
收藏NBER2002-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9349
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资源简介：
This paper develops a model with multiple steady states (low tax and low unemployment versus high tax and high unemployment) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large temporary shocks initiate unavoidable transitions from one steady state to another. Tax
提供机构：
美国国家经济研究局
创建时间：
2002-11-01
