Incomplete Markets and Aggregate Demand
收藏NBER2015-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21448
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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
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美国国家经济研究局创建时间：
2015-08-01
