Measuring Business Cycles by Saving for a Rainy Day
收藏NBER2010-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16075
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We propose a simple saving-based measure of the cyclical component in GDP. The measure is motivated by the prediction that the represenative consumer changes savings in response to temporary deviations of income from its stochastic trend, while satisfying a present-value budget constraint. To
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美国国家经济研究局创建时间：
2010-06-01
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