Asset prices and wealth inequality in a simple model with idiosyncratic shocks: = Precios de activos y desigualdad de la riqueza en un modelo simple con shocks idiosincráticos

Media type: E-Article
Title: Asset prices and wealth inequality in a simple model with idiosyncratic shocks
Parallel title: Precios de activos y desigualdad de la riqueza en un modelo simple con shocks idiosincráticos
Contributor: Salas, Sergio [Author]
Published: June 2017
Published in: Estudios de economía ; 44(2017), 1 vom: Juni, Seite 105-119
Language: English
Identifier:

Keywords: Asset prices ; borrowing constraints ; wealth inequality ; heterogeneous agents ; Aufsatz in Zeitschrift
Origination:
Footnote: Zusammenfassung in spanischer Sprache
Description: This paper analytically solves a heterogeneous agent model with idiosyncratic shocks to marginal utility of consumption and explores the effects of the borrowing constraint on the price of the asset, the composition of borrowers and lenders in the credit market, and wealth inequality. Results are derived in a stylized model and in a pedagogical fashion.
Access State: Open Access

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