Incomplete Markets, Heterogeneity and Macroeconomic Dynamics
收藏NBER2007-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13260
下载链接
链接失效反馈官方服务：
资源简介：
This paper solves a real business cycle model with heterogeneous agents and uninsurable income risk using perturbation methods. A second order accurate characterization of agent's optimal decision rules is given, which renders the implications of aggregation for macroeconomic dynamics transparent.
提供机构：
美国国家经济研究局创建时间：
2007-07-01
