Implications of heterogeneity in preferences, beliefs and asset trading technologies for the macroeconomy
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- YiLi Chien & Harold L. Cole & Hanno Lustig, 2014. "Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy," NBER Working Papers 20328, National Bureau of Economic Research, Inc.
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More about this item
Keywords
asset pricing; equilibrium survival; heterogeneous beliefs; heterogeneous preferences.;All these keywords.
JEL classification:
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- G1 - Financial Economics - - General Financial Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2014-07-28 (Dynamic General Equilibrium)
- NEP-MAC-2014-07-28 (Macroeconomics)
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