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...

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Détails bibliographiques
Auteur principal: Munoz, Sonia
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2006.
Collection:IMF Working Papers; Working Paper ; No. 2006/029
Accès en ligne:Full text available on IMF