One-Sided Limited Commitment and Aggregate Risk
收藏NBER2023-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31903
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In this paper we study the neoclassical growth model with idiosyncratic income risk and aggregate risk in which risk sharing is endogenously constrained by one-sided limited commitment. Households can trade a full set of contingent claims that pay off depending on both idiosyncratic and aggregate
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美国国家经济研究局创建时间：
2023-11-01
