Optimal Buffer Stocks and Precautionary Savings with Disappointment Aversion
收藏NBER1995-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5361
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资源简介：
Developing countries use various risk reduction schemes, ranging from active management of buffer stocks and international reserves to commodity stabilization funds. The purpose of this paper is to reexamine the design of these schemes in a generalized expected utility maximization model where
提供机构：
美国国家经济研究局
创建时间：
1995-11-01
