In a model with multiple Pareto-ranked equilibria we add trade in assets that pay based on the realization of a sunspot …

the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on … types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … assets and liabilities. Our analysis also suggests that social interaction is associated with households holding larger …

this paper, we begin by documenting that much of the increase in the demand for assets in the US in the 30 years prior to … Covid represented greater desire to hold assets by households of given age and income levels. For example, if we focus on …

-third-party-reported business assets. Additionally, the wealthiest taxpayers respond to wealth tax increases by hiding assets in hard …