Animal spirits in a monetary model: first comments
Animal spirits in a monetary model: first comments
Roger EA Farmer and Konstantin Platonov released “Animal Spirits in a Monetary Model” in 2019 ( ). This is a continuation of Roger Farmer’s research program of working with DSGE style models but with a notion of multiple equilibria. Within this framework, the final solution is pinned down by “animal spirits”: beliefs about the future […]
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