Vinogradov, Dmitri V. - 2006
. 4)
bw
t
- actual wage repayment to workers of generation t after the shock (Ch. 5)
x - share of the risky asset in a … financial portfolio of a creditor (either a household in a
market economy, or a bank in the intermediated economy); (1−x …) - share of the risk-free
asset (Ch. 2)
X - aggregate demand for the risky asset (Ch. 2)
X
∗
- equilibrium investment in the …