Who wrote the hypothesis of dough?
The Hypothesis of Dough is an economic model developed by Harvard University economist Michael Woodford. The model, published in 1996, analyzes how the behavior of investors and lenders can lead to fluctuations in the economy, including changes in inflation and output. The model is widely regarded as one of the leading theories of endogenous fluctuations, as it does not rely on exogenous factors to explain economic fluctuations.
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