Liquidity and Trading Dynamics
收藏NBER2007-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13204
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资源简介：
How do financial frictions affect the response of an economy to aggregate shocks? In this paper, we address this question, focusing on liquidity constraints and uninsurable idiosyncratic risk. We consider a search model where agents use liquid assets to smooth individual income shocks. We show that
提供机构：
美国国家经济研究局
创建时间：
2007-06-01
