Incomplete Market Dynamics in a Neoclassical Production Economy
收藏NBER2004-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11016
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资源简介：
We investigate a neoclassical economy with heterogeneous agents, convex technologies and idiosyncratic production risk. Combined with precautionary savings, investment risk generates rich effects that do not arise in the presence of pure endowment risk. Under a finite horizon, multiple growth paths
提供机构：
美国国家经济研究局
创建时间：
2004-12-01
