Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
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Recurrent intervals of inattention to the stock market are optimal if consumers incur a utility cost to observe asset values. When consumers observe the value of their wealth, they decide whether to transfer funds between a transactions account from which consumption must be financed and an
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美国国家经济研究局创建时间:
2009-05-01



