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A Tractable Model of Buffer Stock Saving
Carroll, Christopher D. - 2010
We present a tractable model of the effects of nonfinancial risk on intertemporal choice. Our purpose is to provide a simple framework that can be adopted in fields like representative-agent macroeconomics, corporate finance, or political economy, where most modelers have chosen not to...
Persistent link: https://www.econbiz.de/10013151146
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A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds
Carroll, Christopher D. - 2010
We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...
Persistent link: https://www.econbiz.de/10013151293
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A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds
Jeanne, Olivier - 2009
We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...
Persistent link: https://www.econbiz.de/10013155620
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Unemployment and Portfolio Choice : Does Persistence Matter?
Kuzin, Vladimir - 2010
We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10013144138
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Cash holdings and credit risk
Acharya, Viral V.; Davydenko, Sergei A.; Strebulaev, Ilya A. - 2012
, suggesting that precautionary savings are central to understanding the effects of cash on credit risk …
Persistent link: https://www.econbiz.de/10010206259
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A Tractable Model of Buffer Stock Saving
Carroll, Christopher D. - 2009
We present a tractable model of the effects of nonfinancial risk on intertemporal choice. Our purpose is to provide a simple framework that can be adopted in fields like representative-agent macroeconomics, corporate finance, or political economy, where most modelers have chosen not to...
Persistent link: https://www.econbiz.de/10012463386
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A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds
Carroll, Christopher D. - 2009
We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...
Persistent link: https://www.econbiz.de/10012463421
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A tractable model of buffer stock saving
Carroll, Chris; Toche, Patrick - 2009
Persistent link: https://www.econbiz.de/10003878007
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Cash Holdings and Credit Risk
Acharya, Viral V. - 2011
, suggesting that precautionary savings are central to understanding the effects of cash on credit risk …
Persistent link: https://www.econbiz.de/10012461663
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Precautionary Savings and the Wealth Distribution with Illiquid Durables
Gruber, Joseph W.; Martin, Robert F. - 2003
associated increase in savings is close to linear in wealth. While we are unable to match the dispersion of wealth in the data …We study the role an illiquid durable consumption good plays in determining the level of precautionary savings and the … distribution of wealth in a standard Aiyagari model (i.e. a model with heterogeneous agents, idiosyncratic uncertainty, and …
Persistent link: https://www.econbiz.de/10014074169