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Are government bonds net wealth or a liability? : optimal debt and taxes in an OLG model with uninsurable income risk
Chien, YiLi; Wen, Yi; Yu, HsinJung - 2020
The rapidly growing national debt in the U.S. since the 1970s has alarmed and intrigued the academic world. Consequently, the concept of dynamic (in)efficiency in an overlapping generations (OLG) world and the importance of the heterogeneous-agents and incomplete markets (HAIM) hypothesis to...
Persistent link: https://www.econbiz.de/10012216790
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Collateral, liquidity and debt sustainability
Niemann, Stefan; Pichler, Paul - 2013
Persistent link: https://www.econbiz.de/10010359661
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Economics of voluntary information sharing
Liberti, José; Sturgess, Jason; Sutherland, Andrew - 2018
create an adverse selection problem that hinders market entry. Lenders also delay joining when information asymmetries … protect them from competition in existing markets, consistent with lenders trading off new market entry against heightened …
Persistent link: https://www.econbiz.de/10011960063
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The geography of wealth: shocks, mobility, and precautionary savings
Dvorkin, Maximiliano A.; Greaney, Brian - 2024
Persistent link: https://www.econbiz.de/10015070205
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Hayashi meets Kiyotaki and Moore : a theory of capital adjustment cost
Wang, Pengfei; Wen, Yi - 2010
Persistent link: https://www.econbiz.de/10008668603
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Aggregate consequences of credit subsidy policies : firm dynamics and misallocation
Jo, Hwan; Senga, Tatsuro - 2017
collateral constraints and endogenous entry and exit. A defining feature of our model is a non-Gaussian process of firm …
Persistent link: https://www.econbiz.de/10011756140
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Implications of heterogeneity in preferences, beliefs and asset trading technologies for the macroeconomy
Chien, YiLi; Cole, Harold L.; Lustig, Hanno - 2014
Persistent link: https://www.econbiz.de/10010380069
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The real consequences of financial market integration when countries are heterogeneous
Gerling, Kerstin - 2008
Persistent link: https://www.econbiz.de/10003720129
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An explanation of hyperbolic marginal utility from money
Arad, Nir - 2000
Persistent link: https://www.econbiz.de/10001554160
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Permanent income shocks, target wealth, and the wealth gap
Jappelli, Tullio; Pistaferri, Luigi - 2020
Persistent link: https://www.econbiz.de/10012294529