Macroeconomics and consumption

Macroeconomics and consumption

The failure of the ubiquitous New Keynesian "Dynamic Stochastic General Equilibrium" (NK-DSGE) models to capture interactions of finance and the real economy is widely-recognized since the 2008-9 financial crisis. NK-DSGE models exclude money, debt and asset prices and, importantly, ignore...

書誌詳細
第一著者:	Muellbauer, J
フォーマット:	Working paper
出版事項:	University of Oxford 2016

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