Money in a Heterogeneous Agent Model
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下载链接：
https://www.nber.org/papers/w32836
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资源简介：
I introduce money into an incomplete markets model with heterogeneous agents and uninsurable income risk. I show that the model exhibits both non-monetary and monetary equilibria, with the latter existing when income risk is sufficiently high. Using numerical methods, I characterize the properties
提供机构：
美国国家经济研究局
创建时间：
2024-08-01
