Auflistung LIF-SAFE Working Papers nach Autor "Uppal, Raman"
Anzeige der Dokumente 1-2 von 2
-
Asset Prices in General Equilibrium with Recursive Utility and Illiquidity Induced by Transactions Costs
Buss, Adrian; Uppal, Raman; Vilkov, Grigory (2015-02-01)In this paper, we study the effect of proportional transaction costs on consumption-portfolio decisions and asset prices in a dynamic general equilibrium economy with a financial market that has a single-period bond and ... -
The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis
Buss, Adrian; Dumas, Bernard; Uppal, Raman; Vilkov, Grigory (2016-01-25)In a production economy with trade in financial markets motivated by the desire to share labor-income risk and to speculate, we show that speculation increases volatility of asset returns and investment growth, increases ...