Frictional Electricity
نویسندگان
چکیده
منابع مشابه
Frictional Coordination
The notion that business cycles are driven by demand shocks is subtle. I first review some of the conceptual and empirical challenges faced when trying to accommodate this notion in micro-founded, general-equilibrium models. I next review my own research, which sheds new light on the observed business cycles by accommodating frictional coordination in the form of higher-order uncertainty. This ...
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ژورنال
عنوان ژورنال: Nature
سال: 1886
ISSN: 0028-0836,1476-4687
DOI: 10.1038/034142a0