Structural modeling of economic choices of heterogeneous agents

BufferStockTheory

Theoretical Foundations of Buffer Stock Saving

  • Christopher D. Carroll

Theoretical Foundations of Buffer Stock Saving

For a consumption/saving problem with transitory and permanent shocks and unbounded (CRRA) utility, this paper derives conditions under which a nondegenerate solution exists, and under which a target wealth ratio exists; all results are paired with illustrative numerical solutions.

  • name BufferStockTheory
  • summary Theoretical Foundations of Buffer Stock Saving
  • type reproduction
  • is_notebook true
  • authors Christopher D. Carroll
  • tags Reproduction
  • location_url https://github.com/econ-ark/BufferStockTheory/
  • github_user econ-ark
  • github_repository BufferStockTheory
  • github_branch master
  • github_path Code/Python/BufferStockTheory.ipynb
  • dashboard_path BufferStockTheory-dashboard.ipynb
  • date

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