Artikel
Asset prices and wealth inequality in a simple model with idiosyncratic shocks
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.
- Sprache
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Englisch
- Erschienen in
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Journal: Estudios de Economía ; ISSN: 0718-5286 ; Volume: 44 ; Year: 2017 ; Issue: 1 ; Pages: 105-119 ; Santiago de Chile: Universidad de Chile, Departamento de Economía
- Klassifikation
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Wirtschaft
Macroeconomics and Monetary Economics: General
Financial Markets and the Macroeconomy
General Financial Markets: General (includes Measurement and Data)
- Thema
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Asset prices
borrowing constraints
wealth inequality
heterogeneous agents
- Ereignis
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Geistige Schöpfung
- (wer)
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Salas, Sergio
- Ereignis
-
Veröffentlichung
- (wer)
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Universidad de Chile, Departamento de Economía
- (wo)
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Santiago de Chile
- (wann)
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2017
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Salas, Sergio
- Universidad de Chile, Departamento de Economía
Entstanden
- 2017
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