The Demand of Liquid Assets with Uncertain Lumpy Expenditures
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We consider an inventory model for a liquid asset where the per-period net expenditures have two components: one that is frequent and small and another that is infrequent and large. We give a theoretical characterization of the optimal management of liquid asset as well as of the implied observable
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美国国家经济研究局创建时间：
2012-06-01
