Two Cheers for the Aggregated ( S ; s ) Model ! ¤ Richard
نویسنده
چکیده
Aggregated (S; s)models purport to provide a structural, microfounded and statistically robust explanation of aggregate investment ‡uctuations. In this paper I analyse these claims, present several empirical puzzles arising from the model and discuss how the model might be extended to account for these puzzles.
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