A Risk-centric Model of Demand Recessions and Speculation
收藏NBER2017-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23614
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资源简介：
We provide a continuous-time risk-centric representation of the New Keynesian model, which we use to analyze the interactions between asset prices, financial speculation, and macro- economic outcomes when output is determined by aggregate demand. In principle, interest rate policy is highly
提供机构：
美国国家经济研究局
创建时间：
2017-07-01
