A Parsimonious Macroeconomic Model for Asset Pricing
收藏NBER2009-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15243
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资源简介：
In this paper, I study asset prices in a two-agent macroeconomic model with two key features: limited participation in the stock market and heterogeneity in the elasticity of intertemporal substitution in consumption (EIS). The model is consistent with some prominent features of asset prices that
提供机构：
美国国家经济研究局
创建时间：
2009-08-01
