Leaning against the Bubble: Central Bank Intervention in Walrasian Asset Markets
The paper presents a two-period Walrasian financial market model composed of informed and uninformed rational investors, and noise traders. The rational investors maximize second period consumption utility from the payoffs of trading risk-free holdings to risky assets in the first period. The centra...
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| Principais autores: | , , |
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| Format: | Artigo |
| Sprog: | Inglês |
| Udgivet: |
MDPI AG
2021-12-01
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| Serier: | Risks |
| Fag: | |
| Online adgang: | https://www.mdpi.com/2227-9091/9/12/214 |
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