Asset Prices, Substitution Effects, and the Impact of Changes in Asset Stocks
收藏NBER1980-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0566
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资源简介：
The standard result in macroeconomic models is that an increase in the stock of government debt has an ambiguous effect on aggregate demand. Models which have derived this result have assumed that all assets are gross substitutes. Some recent work within the framework of mean-variance portfolio
提供机构：
美国国家经济研究局
创建时间：
1980-10-01
