Precios de activos y desigualdad de la riqueza en un modelo simple con shocks idiosincráticos

Translated title of the contribution: Asset prices and wealth inequality in a simple model with idiosyncratic shocks

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Translated title of the contributionAsset prices and wealth inequality in a simple model with idiosyncratic shocks
Original languageSpanish
Pages (from-to)105-119
Number of pages15
JournalEstudios de Economia
Volume44
Issue number1
DOIs
StatePublished - 1 Jan 2017

Fingerprint Dive into the research topics of 'Asset prices and wealth inequality in a simple model with idiosyncratic shocks'. Together they form a unique fingerprint.

Cite this