Household Financial Fragility, Debt and Income in a Dynamic Model

IF 1.9 4区经济学 Q2 ECONOMICS

Computational Economics Pub Date : 2024-08-14 DOI:10.1007/s10614-024-10698-y

Giorgio Calcagnini, Federico Favaretto, Germana Giombini, Fabio Tramontana

引用次数: 0

Abstract

We develop a novel dynamic model for household debt and household income change studying the interaction between financial fragility and financial literacy. We compare the results to the U.S. data under several parameterizations. Households react pro-cyclically to income shocks and are better able to represent aggregate data when financial literacy is low.

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动态模型中的家庭财务脆弱性、债务和收入

我们建立了一个新颖的家庭债务和家庭收入变化动态模型，研究金融脆弱性和金融知识之间的相互作用。我们将结果与美国数据在多个参数化条件下进行了比较。当金融知识水平较低时，家庭会对收入冲击做出顺周期反应，并能更好地代表总体数据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Computational Economics MATHEMATICS, INTERDISCIPLINARY APPLICATIONS-

CiteScore

4.00

自引率

15.00%

发文量

119

审稿时长

12 months

期刊介绍： Computational Economics, the official journal of the Society for Computational Economics, presents new research in a rapidly growing multidisciplinary field that uses advanced computing capabilities to understand and solve complex problems from all branches in economics. The topics of Computational Economics include computational methods in econometrics like filtering, bayesian and non-parametric approaches, markov processes and monte carlo simulation; agent based methods, machine learning, evolutionary algorithms, (neural) network modeling; computational aspects of dynamic systems, optimization, optimal control, games, equilibrium modeling; hardware and software developments, modeling languages, interfaces, symbolic processing, distributed and parallel processing