The Macroeconomics of Narratives
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下载链接：
https://www.nber.org/papers/w32602
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资源简介：
We study the macroeconomic implications of narratives, defined as beliefs about the economy that spread contagiously. In an otherwise standard business-cycle model, narratives generate persistent and belief-driven fluctuations. Sufficiently contagious narratives can "go viral," generating hysteresis
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
