INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS

From MaRDI portal
Publication:4233499

DOI10.1017/S1365100597003052zbMath0915.90060OpenAlexW2021782691MaRDI QIDQ4233499

Anthony A. jun. Smith, Per Krusell

Publication date: 27 April 1999

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100597003052




Related Items

Incomplete markets and derivative assetsWhen is market incompleteness irrelevant for the price of aggregate risk (and when is it not)?On the welfare cost of rare housing disastersExploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivativeIdentifying household finance heterogeneity via deep clusteringEquilibrium in securities markets with heterogeneous investors and unspanned income riskIncomplete markets, liquidation risk, and the term structure of interest ratesComputing equilibria in infinite-horizon finance economies: The case of one assetComputing equilibrium in OLG models with stochastic productionUninsured idiosyncratic production risk with borrowing constraintsBeyond optimality: Managing children, assets, and consumption over the life cycleAsset prices in a Huggett economyEndogenous trading constraints with incomplete asset marketsCompetitive equilibria of economies with a continuum of consumers and aggregate shocksRecursive equilibrium in Krusell and Smith (1998)Housing, portfolio choice and the macroeconomyTHE WEALTH DISTRIBUTION AND THE DEMAND FOR STATUSExplaining bond returns in heterogeneous agent models: The importance of higher-order momentsComparison of solutions to the incomplete markets model with aggregate uncertaintySolving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm and non-stochastic simulationsAssessing the accuracy of the aggregate law of motion in models with heterogeneous agentsThe importance of the number of different agents in a heterogeneous asset-pricing modelPrices as factors: approximate aggregation with incomplete markets.




This page was built for publication: INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS