Confidence Collapse in a Multi-Household, Self-Reflexive DSGE Model
نویسندگان
چکیده
منابع مشابه
The Household Sector in the Smets-wouters Dsge Model: Comparisons with the Standard Optimal Growth Model
In [1], households are assumed to supply labor inelastically in each time period t, so there is no labor/leisure “choice”; the only argument of the household utility function at each time point t is amounts of a single produced consumption good (or a scalar index for “real” consumption). In contrast, in [2] the household utility function has two arguments in each time period t: (i) (produced) g...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3421391