Uncertain Duration of Reform: Dynamic Implications
收藏NBER1997-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5925
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资源简介：
We develop a framework to study the effects of policies of uncertain duration on consumption dynamics under both complete and incomplete markets. We focus on the dynamic implications of market incompleteness, specifically on the lack of state-contingent bonds. Two policies are considered: pure
提供机构：
美国国家经济研究局
创建时间：
1997-02-01
