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Excel Sheet for "Consumption With Uncertainty and Financial Markets for Insurance and Saving/Borrowing"

Author

Programming Language

executable

Abstract

We introduce markets for insurance and saving and borrowing at the same time, allowing the consumer to allocate their income across both time and states. We can compare with Parts III, IV and V to show how economic wellbeing can be further improved by more complete financial markets, and can explore the interplay between saving/borrowing and insuring for various preferences and economic circumstances. The model is described in Guo and Gilbert (2014) "Demystifying Financial Markets for Saving and Insurance With Numerical Models" Journal of Economic Education.

Suggested Citation

  • Nick Guo & John Gilbert, 2013. "Excel Sheet for "Consumption With Uncertainty and Financial Markets for Insurance and Saving/Borrowing"," Excel Models for Macroeconomics 201306, Utah State University, Department of Economics and Finance.
  • Handle: RePEc:uth:exlmac:201306
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    Download full text from publisher

    File URL: https://repec.bus.usu.edu/RePEc/uth/exlmac/Part_VI.xlsx
    Download Restriction: no
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    Keywords

    Excel; NLP; Macro; executable;
    All these keywords.

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