Financial Frictions and the Wealth Distribution
收藏NBER2019-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26302
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资源简介：
This paper investigates how, in a heterogeneous agents model with financial frictions, idiosyncratic individual shocks interact with exogenous aggregate shocks to generate time-varying levels of leverage and endogenous aggregate risk. To do so, we show how such a model can be efficiently computed,
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美国国家经济研究局创建时间：
2019-09-01
