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Recursive equilibrium in endogenous growth models with incomplete markets

✍ Scribed by Tom Krebs


Publisher
Springer
Year
2005
Tongue
English
Weight
200 KB
Volume
29
Category
Article
ISSN
0938-2259

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This paper analyzes a class of stochastic endogenous growth models with uninsurable idiosyncratic income risk. The model economy is populated by inΓΏnitely-lived households who own and operate their own business, work for a stock company, and participate in stock and bond markets. Households have log