A Theory of Demand Shocks
收藏NBER2006-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12477
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资源简介：
This paper presents a model of business cycles driven by shocks to consumer expectations regarding aggregate productivity. Agents are hit by heterogeneous productivity shocks, they observe their own productivity and a noisy public signal regarding aggregate productivity. The shock to this public
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美国国家经济研究局创建时间：
2006-08-01
