tailieunhanh - MASSACHUSETTS INSTITUTE OF TECHNOLOGY 50 MEMORIAL DRIVE CAMBRIDGE, MASSACHUSETTS 02139

So far, we have stressed that integrating nominal variables and inflation targeting into the analysis is merely helpful for understanding boom-bust episodes. In fact, if one is not to wander too far from current standard models, it is essential. To clarify this point, it is useful to think of the standard real business cycle model that emerges when we strip away all monetary factors from our model. If we take a completely standard version of such a model, a signal shock is completely incapable of generating a boom-bust that resembles anything like what we see. Households in effect react to the signal by going on vacation: consumption.

crossorigin="anonymous">
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.