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Overlapping Generations Models - Wouter den Haan Denhaan
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日期:2024-08-31
Monetary OLG model; CEPO - intuition Start at the point where µ = 0 and thus co = bco & cy = bcy. Now increase µ If µ" then T " and p/p0 # Under our regularity assumptions we get T ", that is, the individual s budget constraint shifts out =) cy" and co " ...看更多