dc.contributor.author | Tryphonides, Andreas | en |
dc.contributor.editor | Karabarbounis, Loukas | en |
dc.creator | Tryphonides, Andreas | en |
dc.date.accessioned | 2024-01-05T12:13:00Z | |
dc.date.available | 2024-01-05T12:13:00Z | |
dc.date.issued | 2023-12 | |
dc.identifier.issn | 1096-6099 | |
dc.identifier.other | JEL classification C51E44E1E2 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/65882 | en |
dc.description.abstract | This paper shows that utilizing information on the extensive margin of financially constrained households can narrow down the set of admissible preferences in a large class of macroeconomic models. Estimates based on Spanish aggregate data provide further empirical support for this result and suggest that accounting for this margin can bring estimates closer to microeconometric evidence. Accounting for financial constraints and the extensive margin is shown to matter for empirical asset pricing and quantifying distortions in financial markets. | en |
dc.language.iso | eng | en |
dc.publisher | Elsevier | en |
dc.source | Review of Economic Dynamics | en |
dc.subject | Preferences | en |
dc.subject | Bounds | en |
dc.subject | Financial constraints | en |
dc.subject | Extensive margin | en |
dc.subject | Asset prices | en |
dc.title | Identifying preferences when households are financially constrained | en |
dc.type | info:eu-repo/semantics/article | en |
dc.identifier.doi | 10.1016/j.red.2023.06.001 | |
dc.description.volume | 51 | |
dc.description.startingpage | 521 | |
dc.description.endingpage | 546 | |
dc.author.faculty | 005 Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Tryphonides, Andreas [0000-0002-0261-6170] | |
dc.type.subtype | SCIENTIFIC_JOURNAL | en |
dc.gnosis.orcid | 0000-0002-0261-6170 | |