Growth Cycles
收藏NBER1996-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5659
下载链接
链接失效反馈官方服务：
资源简介：
We construct a rational expectations model in which aggregate growth alternates between a low growth and a high growth state. When all agents expect growth to be slow, the returns on investment are low, and little investment takes place. This slows growth and confirms the prediction that the returns
提供机构：
美国国家经济研究局
创建时间：
1996-07-01
