Leverage
收藏NBER2016-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22905
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资源简介：
Many stylized facts of leverage, trading, and asset prices obtain in a frictionless general equilibrium model that features agents heterogeneity in endowments and time- varying risk preferences. Our model predicts that aggregate debt increases in expansions when asset prices are high, volatility is
提供机构：
美国国家经济研究局
创建时间：
2016-12-01
