Van, Cuong Le; Pham, Ngoc-Sang - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
We build an infinite-horizon dynamic deterministic general equilibrium model with imperfect markets (because of borrowing constraints), in which heterogeneous agents invest in capital or/and financial asset, and consume. There is a representative firm who maximizes its profit. Firstly, the...