| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15265 |
| 来源ID | Working Paper 15265 |
| A Tractable Model of Buffer Stock Saving | |
| Christopher D. Carroll; Patrick Toche | |
| 发表日期 | 2009-08-20 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We present a tractable model of the effects of nonfinancial risk on intertemporal choice. Our purpose is to provide a simple framework that can be adopted in fields like representative-agent macroeconomics, corporate finance, or political economy, where most modelers have chosen not to incorporate serious nonfinancial risk because available methods were too complex to yield transparent insights. Our model produces an intuitive analytical formula for target assets, and we show how to analyze transition dynamics using a familiar Ramsey-style phase diagram. Despite its starkness, our model captures most of the key implications of nonfinancial risk for intertemporal choice. |
| 主题 | Microeconomics ; Mathematical Tools ; Households and Firms ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w15265 |
| 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/572939 |
| 推荐引用方式 GB/T 7714 | Christopher D. Carroll,Patrick Toche. A Tractable Model of Buffer Stock Saving. 2009. |
| 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 | ||
| w15265.pdf（727KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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