Asset prices and wealth inequality in a simple model with idiosyncratic shocks

Abstract: 10. This paper analytically solves a heterogeneous agent model with idiosyncratic shocks to marginal utility of consumption and explores the effects of the borrowing constraint on the price of the asset, the composition of borrowers and lenders in the credit market, and wealth inequality....

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Autor principal:	Salas,Sergio
Lenguaje:	English
Publicado:	Universidad de Chile. Departamento de Economía 2017
Materias:	Asset prices borrowing constraints wealth inequality heterogeneous agents
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862017000100105
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spelling	oai:scielo:S0718-528620170001001052017-07-21Asset prices and wealth inequality in a simple model with idiosyncratic shocksSalas,Sergio Asset prices borrowing constraints wealth inequality heterogeneous agents Abstract: 10. This paper analytically solves a heterogeneous agent model with idiosyncratic shocks to marginal utility of consumption and explores the effects of the borrowing constraint on the price of the asset, the composition of borrowers and lenders in the credit market, and wealth inequality. Results are derived in a stylized model and in a pedagogical fashion.info:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.44 n.1 20172017-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862017000100105en10.4067/S0718-52862017000100105
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Asset prices borrowing constraints wealth inequality heterogeneous agents
spellingShingle	Asset prices borrowing constraints wealth inequality heterogeneous agents Salas,Sergio Asset prices and wealth inequality in a simple model with idiosyncratic shocks
description	Abstract: 10. This paper analytically solves a heterogeneous agent model with idiosyncratic shocks to marginal utility of consumption and explores the effects of the borrowing constraint on the price of the asset, the composition of borrowers and lenders in the credit market, and wealth inequality. Results are derived in a stylized model and in a pedagogical fashion.
author	Salas,Sergio
author_facet	Salas,Sergio
author_sort	Salas,Sergio
title	Asset prices and wealth inequality in a simple model with idiosyncratic shocks
title_short	Asset prices and wealth inequality in a simple model with idiosyncratic shocks
title_full	Asset prices and wealth inequality in a simple model with idiosyncratic shocks
title_fullStr	Asset prices and wealth inequality in a simple model with idiosyncratic shocks
title_full_unstemmed	Asset prices and wealth inequality in a simple model with idiosyncratic shocks
title_sort	asset prices and wealth inequality in a simple model with idiosyncratic shocks
publisher	Universidad de Chile. Departamento de Economía
publishDate	2017
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862017000100105
work_keys_str_mv	AT salassergio assetpricesandwealthinequalityinasimplemodelwithidiosyncraticshocks
_version_	1714205049899450368

Asset prices and wealth inequality in a simple model with idiosyncratic shocks

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