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Browsing Recerca: working papers, preprints, informes, etc. by Subject "Macroeconomic fluctuations"

Browsing Recerca: working papers, preprints, informes, etc. by Subject "Macroeconomic fluctuations"

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  • Beaudry, Paul; Galizia, Dana; Portier, Franck (2016-05)
    In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady state. In this paper, ...

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