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appendix derivations dsge model pdf
... actuarial note holdings. we assume that households place all of their savings with a competitive, zero expected profit actuarial insurance firm. when a household dies', its savings becomes the ownership of the actuarial insurance firm ...
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memo227.pdf
... order condition for the actuarial insurance firm with respect to production firm share holding qt with respect to foreign investment firm share holding qft ... actuarial insurance firms are repeated in the appendix. 2.4 foreign investment firms foreign investments firms are used to simplify the problem of the actuarial insurance firm. foreign investment firms take funds from the actuarial insurance ...
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