The welfare cost of excess volatility in incomplete markets with sunspots
Year of publication: |
2019
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Authors: | Kang, Minwook |
Published in: |
Macroeconomic dynamics. - Cambridge : Cambridge Univ. Press, ISSN 1365-1005, ZDB-ID 1412233-9. - Vol. 23.2019, 3, p. 1062-1073
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Subject: | Excess Volatility | Market Incompleteness | Price-Level Volatility | Sunspots | Welfare Cost | Volatilität | Volatility | Unvollkommener Markt | Incomplete market | Theorie | Theory | Wohlfahrtsanalyse | Welfare analysis | Soziale Kosten | Social costs | Finanzmarkt | Financial market | Börsenkurs | Share price |
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