Consumo y decisiones de portafolio en ambientes estocásticos: un marco teórico unificador

Francisco Venegas-Martínez and Abigail Rodríguez Nava

Ensayos Revista de Economia, 2009, vol. XXVIII, issue 2, 29-64

Abstract: This paper is aimed to provide a consistent theoretical framework for the decision making process of a consumer-investor in an environment of risk and uncertainty with constant volatility. In this research, the Wiener and Poisson processes play an essential role in modeling market risk and uncertainty in economic policy. In this context different models of partial equilibrium that characterize consumption and proportions of wealth that a rational consumer allocates to the distinct assets available in the financial markets (domestic and foreign) are systematically examined.

Keywords: Market risk; fiscal policy; stochastic modeling and consumer's inter-temporal decisions (search for similar items in EconPapers)
JEL-codes: D91 F31 H31 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ere:journl:v:xxviii:y:2009:i:2:p:29-64

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