A Multiplier Approach to Understanding the Macro Implications of Household Finance
收藏数据链接：
官方服务：
资源简介：
Our paper examines the impact of heterogeneous trading technologies for households on asset prices and the distribution of wealth. We distinguish between passive traders who hold fixed portfolios of stocks and bonds, and active traders who adjust their portfolios to changes in expected returns. To
提供机构：
美国国家经济研究局创建时间：
2007-11-01
