Habit Formation and Persistence in Individual Asset Portfolio Holdings : The Case of Italy /
This paper uses six waves of the Bank of Italy Survey of Households Income and Wealth to explore the dynamics of asset portfolio ownership. The household asset portfolio decision is a choice among discrete alternatives, and I model the problem in a multinomial framework. I focus on a particularly im...
| 1. autor: | |
|---|---|
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2006.
|
| Seria: | IMF Working Papers; Working Paper ;
No. 2006/029 |
| Dostęp online: | Full text available on IMF |