Can News About the Future Drive the Business Cycle?
收藏NBER2006-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12537
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Aggregate and sectoral comovement are central features of business cycle data. Therefore, the ability to generate comovement is a natural litmus test for macroeconomic models. But it is a test that most existing models fail. In this paper we propose a unified model that generates both aggregate and
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美国国家经济研究局创建时间：
2006-09-01
