Neoclassical Growth Transition Dynamics with One-Sided Commitment
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https://www.nber.org/papers/w32880
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资源简介：
This paper characterizes the transition dynamics of a continuous-time neoclassical production economy with capital accumulation in which households face idiosyncratic income risk and cannot commit to repay their debt. Therefore, even though a full set of contingent claims that pay out conditional on
提供机构：
美国国家经济研究局
创建时间：
2024-09-01
