Aggregate Implications of Micro Asset Market Segmentation
收藏NBER2009-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15254
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资源简介：
This paper develops a consumption-based asset pricing model to explain and quantify the aggregate implications of a frictional financial system, comprised of many financial markets partially integrated with one-another. Each of our micro financial markets is inhabited by traders who are specialized
本文构建了一个基于消费的资产定价模型，旨在解释并量化存在摩擦的金融体系的总体影响——该体系由多个彼此部分整合的金融市场组成。我们的每个微观金融市场均由专业化的交易者构成
提供机构：
美国国家经济研究局
创建时间：
2009-08-01
