Risk and Ambiguity in Models of Business Cycles
收藏NBER2014-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20319
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资源简介：
We inject aggregate uncertainty - risk and ambiguity - into an otherwise standard business cycle model and describe its consequences. We find that increases in uncertainty generally reduce consumption, but they do not account, in this model, for either the magnitude or the persistence of the most
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美国国家经济研究局创建时间：
2014-07-01
