Excel Sheet for "Consumption With Uncertainty and Financial Markets for Saving/Borrowing"
AbstractWe introduce markets for saving and borrowing, allowing the consumer to allocate across time (but not states). The results can be compared to the benchmark in Part III to show how saving/borrowing can improve economic wellbeing, and with Part II to illustrate the concept of precautionary saving (i.e., saving as partial substitute for insurance). The model is described in Guo and Gilbert (2014) "Demystifying Financial Markets for Saving and Insurance With Numerical Models" Journal of Economic Education.
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Bibliographic InfoSoftware component provided by Utah State University, Department of Economics and Finance in its series Excel Models for Macroeconomics with number 201305.
Programming language: executable
Date of creation: 30 Sep 2013
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