FEDS Paper: Do Households Substitute Intertemporally? 10 Structural Shocks That Suggest Not, FRB
Okay, let’s break down this Federal Reserve (FRB) FEDS Paper, “Do Households Substitute Intertemporally? 10 Structural Shocks That Suggest Not,” published on March 25, 2025. I’ll aim for clarity and explain the concepts in a way that’s accessible to a general audience, while still capturing the key insights. Understanding the Core Question: Intertemporal Substitution The … Read more