Aggregate Dynamics with Heterogeneous Agents and State-Dependent Pricing
نویسندگان
چکیده
منابع مشابه
Reconstructing Aggregate Dynamics in Heterogeneous Agents Models a Markovian Approach1
The restrictive assumptions imposed by the traditional methods of aggregation prevented so far a sound analysis of complex system of feedback between microeconomic variables and macroeconomic outcomes. This issue seems to be crucial in macroeconomic modelling, in particular for the analysis of financial fragility, as conceived in the Keynesian and New Keynesian literature. In the present paper ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.739710