Portfolio Choice in General Dynamic Equilibrium

Wei-Bin Zhang

Chapter Chapter 10 in The General Economic Theory, 2020, pp 203-215 from Springer

Abstract: Abstract This chapter introduces issues related to portfolio choice and determination of assets prices into the general equilibrium dynamic model in Chap. 3 . Households of contemporary economies are characterized by holding many kinds of assets such as housing, land, stocks, precious metals, cashes in different currencies. The complexity of portfolio is constantly increased in globalizing economies. The mainstreams of formal economic growth theory still pay little attention to the complexity of portfolio choice. The Ramsey approach—the main approach to household behavior in contemporary economics—is not suitable for the problem and the Solow model does not have a microeconomic foundation for rational behavior of households. The general economic theory proposed in this book can effectively study portfolio choice.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:spr:sprchp:978-3-030-56204-5_10

Ordering information: This item can be ordered from
http://www.springer.com/9783030562045

DOI: 10.1007/978-3-030-56204-5_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().