Understanding the Great Recession
收藏NBER2014-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20040
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资源简介：
We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions interacting with the zero lower bound. We reach this conclusion looking through the lens of a New Keynesian model in which firms face moderate degrees of price
提供机构：
美国国家经济研究局
创建时间：
2014-04-01
