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Sentiments and Aggregate Demand Fluctuations

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NBER2012-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18413
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资源简介:
We formalize the Keynesian insight that aggregate demand driven by sentiments can generate output fluctuations under rational expectations. When production decisions must be made under imperfect information about demand, optimal decisions based on sentiments can generate stochastic self-fulfilling
创建时间:
2012-09-01
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