{"id":9385,"date":"2022-07-27T07:04:05","date_gmt":"2022-07-27T07:04:05","guid":{"rendered":"https:\/\/depocen.org\/publications\/intertemporal-equilibrium-with-financial-asset-andphysical-capital\/"},"modified":"2022-07-27T07:04:05","modified_gmt":"2022-07-27T07:04:05","slug":"intertemporal-equilibrium-with-financial-asset-andphysical-capital","status":"publish","type":"publications","link":"https:\/\/depocen.org\/en\/publications\/intertemporal-equilibrium-with-financial-asset-andphysical-capital\/","title":{"rendered":"Intertemporal equilibrium with fi\fnancial asset and\r\nphysical capital"},"content":{"rendered":"<p>We build an in\fnite-horizon dynamic deterministic general equilibrium model with<br \/>\nimperfect market (borrowing constraint) in which heterogenous agents invest in capital<br \/>\nor \fnancial asset, work and consume, a representative \frm maximizes pro\ft. Firstly,<br \/>\nthe existence of intertemporal equilibrium is proved even if aggregate capital is not<br \/>\nuniformly bounded. Secondly, we de\fne and study \fnancial bubble and physical bub-<br \/>\nble. Both \fnancial and physical bubbles may occur but they can not occur at the same<br \/>\ntime. Lastly, we study impact of physical productivity and \fnancial dividend on the<br \/>\nphysical market which we call &#8220;the race between productivity and dividend&#8221;.<\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[],"author_publications":[1556,1560,2010,2011],"topic_publications":[],"class_list":["post-9385","publications","type-publications","status-publish","hentry","author_publications-cuong-le-van","author_publications-cuong-le-van-en","author_publications-ngoc-sang-pham","author_publications-ngoc-sang-pham-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications\/9385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/media?parent=9385"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/cate_publications?post=9385"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/author_publications?post=9385"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/topic_publications?post=9385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}