Speculation and financial wealth distribution under belief heterogeneity
D Cao - The Economic Journal, 2018 - academic.oup.com
Under limited commitment that prevents agents from pledging their future non‐financial
wealth, agents with incorrect beliefs always survive by holding on to their non‐financial …
wealth, agents with incorrect beliefs always survive by holding on to their non‐financial …
[图书][B] Collateral shortages, asset price and investment volatility with heterogeneous beliefs
DV Cao - 2011 - core.ac.uk
The recent economic crisis highlights the role of financial markets in allowing economic
agents, including prominent banks, to speculate on the future returns of different financial …
agents, including prominent banks, to speculate on the future returns of different financial …
Wealth dynamics in a bond economy with heterogeneous beliefs
T Cogley, TJ Sargent, V Tsyrennikov - The Economic Journal, 2014 - academic.oup.com
Two types of agents have diverse beliefs about the law of motion for an exogenous
endowment. One knows the true process, and the other learns about it via Bayes' theorem …
endowment. One knows the true process, and the other learns about it via Bayes' theorem …
[PDF][PDF] Belief heterogeneity, collateral constraint, and asset prices
D Cao - 2013 - faculty.georgetown.edu
The recent economic crisis highlights the role of financial markets in allowing economic
agents, including prominent banks, to speculate on the future returns of different financial …
agents, including prominent banks, to speculate on the future returns of different financial …
[PDF][PDF] Belief Heterogeneity, Collateral Constraint, and Asset Prices with a Quantitative Assessment
D Cao - 2008 - economics.yale.edu
The recent economic crisis highlights the role of financial markets in allowing economic
agents, including prominent banks, to speculate on the future returns of different financial …
agents, including prominent banks, to speculate on the future returns of different financial …
Essays in dynamic general equilibrium
DDV Cao - 2010 - dspace.mit.edu
This thesis consists of three chapters studying dynamic economies in general equilibrium.
The first chapter considers an economy in business cycles with potentially imperfect …
The first chapter considers an economy in business cycles with potentially imperfect …