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Hardcover • 2019 • 1. edition
By Martin Eichenbaum, Jonathan Parker
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About the book
This volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equilibrium. The second explores the aggregate risk of the U.S. financial sector, and in particular whether it is safer now than before the 2008 financial crisis. The third analyzes "factorless income," output that is not measured as capital or labor inc...Show more
Book details
ISBN
9780226645728
Publisher
The University of Chicago Press
Published year
2019
Language
Edition
1
Original title
NBER Macroeconomics Annual 2018 - Volume 33
Format
Hardcover
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