摘要 : Are there times when durable spending is less responsive to economic stimulus? We argue that aggregate durable expenditures respond more sluggishly to economic shocks during recessions because microeconomic frictions lead to decli... 展开
作者 | Berger~ David Vavra~ Joseph |
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作者单位 | |
期刊名称 | 《Econometrica》 |
总页数 | 54 |
语种/中图分类号 | 英语 / F |
关键词 | Durables fixed costs consumption nonlinear impulse response indirect inference |
馆藏号 | N2008EPST0000741 |