Heterogeneous Expectations and Bond Markets
收藏NBER2006-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12781
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资源简介：
This paper presents a dynamic equilibrium model of bond markets, in which two groups of agents hold heterogeneous expectations about future economic conditions. Our model shows that heterogeneous expectations can not only lead to speculative trading, but can also help resolve several challenges to
提供机构：
美国国家经济研究局
创建时间：
2006-12-01
