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Inventories, Rational Expectations, and the Business Cycle

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NBER1979-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0381
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资源简介:
The simplest macroeconomic models in which markets clear instantaneously, and expectations are rational preclude the existence of "business cycles," that is, of serially correlated deviations of output from trend. This paper studies one of several mechanisms that can be used to make these so-called
创建时间:
1979-08-01
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