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Emergent inequality and business cycles in a simple behavioral macroeconomic model

Standard macroeconomic models assume that households are rational in the sense that they are perfect utility maximizers and explain economic dynamics in terms of shocks that drive the economy away from the steady state. Here we build on a standard macroeconomic model in which a single rational repre...

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Detalles Bibliográficos
Autores principales: Asano, Yuki M., Kolb, Jakob J., Heitzig, Jobst, Farmer, J. Doyne
Formato: Online Artículo Texto
Lenguaje:English
Publicado: National Academy of Sciences 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8271739/
https://www.ncbi.nlm.nih.gov/pubmed/34215696
http://dx.doi.org/10.1073/pnas.2025721118