Incomplete Markets and Aggregate Demand
收藏数据链接：
官方服务：
资源简介：
I study aggregate consumption dynamics under incomplete markets, focusing on the relationship between consumption and the path for interest rates. I first provide a general aggregation result under extreme illiquidity (no borrowing and no outside assets), deriving a generalized Euler relation
提供机构：
美国国家经济研究局创建时间：
2015-08-01
