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...
| প্রধান লেখক: | |
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| বিন্যাস: | Working paper |
| প্রকাশিত: |
University of Oxford
2016
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