Understanding Equilibrium Models with a Small and a Large Number of Agents
收藏NBER1996-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5792
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资源简介：
In this paper, I compare a two-agent asset pricing model with the corresponding model with a continuum of agents. In a two-agent economy, interest rates respond to because each agent represents half of the population. These interest rate effects facilitate consumption smoothing. An agent in a two
提供机构：
美国国家经济研究局
创建时间：
1996-10-01
