five

Optimal Illiquidity

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NBER2020-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27459
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We calculate the socially optimal level of illiquidity in an economy populated by households with taste shocks and present bias (Amador, Werning, and Angeletos 2006). The government chooses mandatory contributions to respective spending/savings accounts, each with a different pre-retirement
创建时间:
2020-07-01
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