| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/t0318 |
| 来源ID | Technical Working Paper 0318 |
| Solving General Equilibrium Models with Incomplete Markets and Many Assets | |
| Martin D. D. Evans; Viktoria Hnatkovska | |
| 发表日期 | 2005-10-17 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper presents a new numerical method for solving general equilibrium models with many assets. The method can be applied to models where there are heterogeneous agents, time-varying investment opportunity sets, and incomplete markets. It also can be used to study models where the equilibrium dynamics are non-stationary. We illustrate how the method is used by solving a one-- and two-sector versions of a two--country general equilibrium model with production. We check the accuracy of our method by comparing the numerical solution to the one-sector model against its known analytic properties. We then apply the method to the two-sector model where no analytic solution is available. |
| 主题 | Microeconomics ; Mathematical Tools ; General Equilibrium ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/t0318 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569342 |
| 推荐引用方式 GB/T 7714 | Martin D. D. Evans,Viktoria Hnatkovska. Solving General Equilibrium Models with Incomplete Markets and Many Assets. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| t0318.pdf（339KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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