Borradores de Economia
Número:
127
Publicado:
Clasificación JEL:
E32, E37, E22, G14
Palabras clave:
Financial inefficiency
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Aarón Levi Garavito-Acosta, Wilmer Martinez-Rivera, Camilo González-Sabogal, Johanna Barbosa-Buitrago, Nathaly Vergel-Serrano
Nicol Valeria Rodríguez-Rodríguez, Sebastián Quintero-Uribe, Johanna Barbosa-Buitrago
Zhibiao Zhao, Manuel Darío Hernández-Bejarano
In a dynamic, stochastic, general equilibrium model, we explore the optimal response of the inhabitants of a closed economy to an inefficient ad hoc financial system that in its intermediation duty looses a fraction of agrégate savings which otherwise wou