Consumption Dynamics During Recessions
收藏NBER2014-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20175
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Are there times when durable spending is less responsive to economic stimulus? We argue that aggregate durable expenditures respond more sluggishly to economic shocks during recessions because microeconomic frictions lead to declines in the frequency of households' durable adjustment. We show this
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美国国家经济研究局创建时间：
2014-05-01
