Intertemporal equilibrium with financial asset and physical capital
Cuong Le van and
Ngoc-Sang Pham
Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne
Abstract:
We build an infinite-horizon dynamic deterministic general equilibrium model with imperfect markets (because of borrowing constraints), in which heterogeneous agents invest in capital or/and financial asset, and consume. There is a representative firm who maximizes its profit. Firstly, the existence of intertemporal equilibrium is proved even if aggregate capital is not uniformly bounded. Secondly, we study the interaction between the financial market and the productive sector. We also give conditions to have no bubbles on the financial asset market and the physical asset market as well
Keywords: Infinite horizon; intertemporal equilibrium; financial friction; productivity; efficiency; fluctuation (search for similar items in EconPapers)
JEL-codes: C62 D31 D91 E44 G10 (search for similar items in EconPapers)
Date: 2014-08
New Economics Papers: this item is included in nep-dge and nep-mac
References: Add references at CitEc
Citations: View citations in EconPapers (3)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Journal Article: Intertemporal equilibrium with financial asset and physical capital (2016) ![Downloads](/downloads_econpapers.gif)
Working Paper: Intertemporal equilibrium with financial asset and physical capital (2016)
Working Paper: Intertemporal equilibrium with financial asset and physical capital (2016)
Working Paper: Intertemporal equilibrium with financial asset and physical capital (2016)
Working Paper: Intertemporal equilibrium with financial asset and physical capital (2015) ![Downloads](/downloads_econpapers.gif)
Working Paper: Intertemporal equilibrium with financial asset and physical capital (2015) ![Downloads](/downloads_econpapers.gif)
Working Paper: Intertemporal equilibrium with financial asset and physical capital (2014) ![Downloads](/downloads_econpapers.gif)
Working Paper: Intertemporal equilibrium with financial asset and physical capital (2014) ![Downloads](/downloads_econpapers.gif)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:14085
Access Statistics for this paper
More papers in Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne Contact information at EDIRC.
Bibliographic data for series maintained by Lucie Label (lucie.label@univ-paris1.fr).