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Macro Needs Micro

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NBER2017-09-01 更新2025-01-04 收录
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An emerging consensus on the future of macroeconomics views the incorporation of a role for financial intermediation, labor market frictions, and household heterogeneity in the presence of uninsurable unemployment risk as key needed extensions to the benchmark macro framework. I argue that this is

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2017-09-01
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