Safe Assets
收藏NBER2014-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20652
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资源简介：
A safe assets real value is insulated from shocks, including declines in GDP from rare macroeconomic disasters. However, in a Lucas-tree world, the aggregate risk is given by the process for GDP and cannot be altered by the creation of safe assets. Therefore, in the equilibrium of a representative
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美国国家经济研究局创建时间：
2014-11-01
