De Graeve, Ferre; Dossche, Maarten; Emiris, Marina; … - In: Journal of Economic Dynamics and Control 34 (2010) 9, pp. 1680-1699
We analyze financial risk premiums and real economic dynamics in a DSGE model with three types of agents--shareholders, bondholders and workers--that differ in participation in the capital market and in attitude towards risk and intertemporal substitution. Aggregate productivity and distribution...