Asset Prices and Wealth Inequality in a Simple Model with Idiosyncratic Shocks

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

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Year of publication:	2017
Authors:	Salas, Sergio
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Vermögensverteilung \| Wealth distribution \| Theorie \| Theory \| Schock \| Shock \| CAPM

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Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Estudios de Economia. Vol. 44, No. 1, Junio 2017 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 3, 2017 erstellt
Classification:	E00 - Macroeconomics and Monetary Economics. General ; E44 - Financial Markets and the Macroeconomy ; G10 - General Financial Markets. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012952939