Dynamic Financial Constraints: Distinguishing Mechanism Design from Exogenously Incomplete Regimes
收藏NBER2013-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19617
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资源简介：
We formulate and solve a range of dynamic models of constrained credit/insurance that allow for moral hazard and limited commitment. We compare them to full insurance and exogenously incomplete financial regimes (autarky, saving only, borrowing and lending in a single asset). We develop
提供机构：
美国国家经济研究局
创建时间：
2013-11-01
