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HackerNoon
hackernoon.com
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This paper proves the non-differentiability of the Calvo New Keynesian model at ZINSS, explaining how constraints disrupt the derivative in recursive equilibria #macroeconometrics
https://hackernoon.com/the-challenges-of-predicting-economic-behavior-with-the-calvo-model
2024-12-08T20:31:30.452Z