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About ECO529 Notes
This chapter introduces a simple heterogeneous agent macro-finance model with experts and households. Experts have access to a capital production technology and issue risk-free debt to finance their capital stock, which evolves stochastically. Households only consume and hold the debt issued by experts. The two sectors cannot share risks due to financial frictions. The chapter presents the model setup and will discuss the solution method in the next section.
Detailed Information
| Author: | ['viola fabianto'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 177 |
| Language: | English |
| Format: | |
| Price: | FREE |
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