| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18413 |
| 来源ID | Working Paper 18413 |
| Sentiments and Aggregate Demand Fluctuations | |
| Jess Benhabib; Pengfei Wang; Yi Wen | |
| 发表日期 | 2012-09-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We formalize the Keynesian insight that aggregate demand driven by sentiments can generate output fluctuations under rational expectations. When production decisions must be made under imperfect information about demand, optimal decisions based on sentiments can generate stochastic self-fulfilling rational expectations equilibria in standard economies without persistent informational frictions, externalities, non-convexities or strategic complementarities in production. The models we consider are deliberately simple, but could serve as benchmarks for more complicated equilibrium models with additional features. |
| 主题 | Microeconomics ; Economics of Information ; Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w18413 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576089 |
| 推荐引用方式 GB/T 7714 | Jess Benhabib,Pengfei Wang,Yi Wen. Sentiments and Aggregate Demand Fluctuations. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18413.pdf（374KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
