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March 06, 2014

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Luis Enrique

you may enjoy a series of papers by the great Chris Carroll on household heterogeneity. Here' s one of them:
http://www.econ2.jhu.edu/people/ccarroll/papers/RepresentingWithoutRA.pdf

Andrew

Hallelujah!

So aggregate demand isn't in itself and in all cases a good thing? The details of what is going on in an economy actually matter?

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