Path Dependence in Aggregate Output
收藏NBER1991-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3718
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资源简介：
This paper studies an economy in which incomplete markets and strong complementarities interact to generate path dependent aggregate output fluctuations. An economy is said to be path dependent when the effect of a shock on the level of aggregate output is permanent in the absence of future
提供机构：
美国国家经济研究局
创建时间：
1991-05-01
