Optimal consumption/investment policies with undiversifiable income risk and liquidity constraints

Journal of Economic Dynamics and Control

Volumn 24, Issue 9, 2000, Pages 1315-1343

  Munk, Claus ^a  

^a UNIVERSITY OF SOUTHERN DENMARK   (Denmark)

Author keywords

C61; G11; Markov chain approximation; Optimal consumption and portfolio policies; Undiversifiable income risk* Liquidity constraints; Wealth equivalent of income

Indexed keywords

EID: 0034238798     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1889(99)00019-6     Document Type: Article

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