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interpretable features. This gives us confidence that we have some broad understanding of the mechanisms involved. In addition, we …
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interpretable features. This gives us confidence that we have some broad understanding of the mechanisms involved. In addition, we …
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A large market economy has a huge number of degrees of freedom with weak micro-level coordination. The 'implicit microfoundations' approach assumes this property of micro-level interactions more strongly conditions macro-level outcomes compared to the precise details of individual choice...
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A large market economy has a huge number of degrees of freedom with weak micro-level coordination. The "implicit microfoundations" approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared to the precise details of individual choice...
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