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原文連結
論文資訊
- 類型：已發表論文
- 日期：2021-07-02
摘要
Standard macro經濟 models assume that households are rational in the sense that they are perfect utility maximizers and explain 經濟 dynamics in terms of shocks that drive the economy away from the steady state. Here we build on a standard macro經濟 model in which a single rational representative household makes a savings decision of how much to consume or invest. In our model, households are myopic boundedly rational heterogeneous 智能體s embedded in a 社會 網絡. From time to time each household updates its savings rate by copying the savings rate of its neighbor with the highest consumption. If the updating time is short, the economy is stuck in a poverty trap, but for longer updating times 經濟 output approaches its optimal value, and we observe a critical transition to an economy with irregular endog
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