Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy

This paper analyzes and computes the equilibria of economies with large numbers of heterogeneous agents who have different asset trading technologies, preferences, and beliefs. We illustrate the value of our method by using it to evaluate the implications of these heterogeneities through several quantitative exercises

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Year of publication:	2014
Authors:	Chien, YiLi
Other Persons:	Cole, Harold L. (contributor) ; Lustig, Hanno (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Portfolio-Management \| Portfolio selection \| Finanzmarkt \| Financial market \| Risiko \| Risk \| Wertpapierhandel \| Securities trading \| Gleichgewichtstheorie \| Equilibrium theory \| Kapitalanlage \| Financial investment \| Vermögen \| Wealth \| Haushaltseinkommen \| Household income \| Strategie \| Strategy

Extent:	1 Online-Ressource (46 p)
Series:	FRB of St. Louis Working Paper ; No. 2014-014A
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 14, 2014 erstellt
Other identifiers:	10.2139/ssrn.2466685 [DOI]
Classification:	D51 - Exchange and Production Economies ; D84 - Expectations; Speculations ; E21 - Consumption; Saving ; G1 - General Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013050832