Macroeconomics - ECON 510 a , Fall 2010 , Yale University Limited Commitment

Abstract

So far, we have focused on a complete market benchmark and studied its success and failure to match the data in several dimensions (business cycles, asset pricing and long run growth) and to understand optimal taxation. A key assumption in that context was perfect enforcement of contracts (in particular, perfect enforcement of state contingent claims). A… (More)

Topics

1 Figure or Table

Cite this paper

@inproceedings{Ordoez2010MacroeconomicsE, title={Macroeconomics - ECON 510 a , Fall 2010 , Yale University Limited Commitment}, author={Guillermo Ordo{\~n}ez}, year={2010} }