Structural modeling of economic choices of heterogeneous agents

BufferStockTheory


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.


published
name
BufferStockTheory
summary
Theoretical Foundations of Buffer Stock Saving
type
replication
is_notebook
authors
Christopher D. Carroll
tags
Reproduction
location_url
https://github.com/llorracc/BufferStockTheory/blob/master/Code/Python/BufferStockTheory.ipynb
github_user
llorracc
github_repository
BufferStockTheory
github_branch
master
github_path
Code/Python/BufferStockTheory.ipynb
date