Competitive Equilibria with Incomplete Asset Markets
{'Code': '04050100', 'Directorate': {'Abbreviation': 'SBE', 'LongName': 'Direct For Social, Behav & Economic Scie'}, 'Division': {'Abbreviation': 'SES', 'LongName': 'Divn Of Social and Economic Sciences'}}
{'SignBlockName': 'Lynn A. Pollnow', 'PO_EMAI': None, 'PO_PHON': None}
This project continues the investigator's recent work on                        economies characterized by uncertainty and in which the market                  for assets is incomplete.  The topics to be addressed under this                grant are: demand theory, constrained optimality, pricing of                    non-redundant assets, existence of equilibria for a fixed asset                 structure, and infinite-horizon economies.  These topics are                    important and progress in these areas will contribute to an                     improvement in other fields of economics such as macroeconomics,                finance, and monetary theory.  Furthermore, this research should                shed light on a number of important questions in economics.  For                example, can an active monetary policy be effective, and if so,                 is it desirable?  To what extent and under what conditions can                  business cycles be induced by incomplete asset markets?
{'FirstName': 'Herakles', 'LastName': 'Polemarchakis', 'PI_MID_INIT': None, 'PI_SUFX_NAME': None, 'PI_FULL_NAME': 'Herakles Polemarchakis', 'EmailAddress': 'herakles_polemarchakis@brown.edu', 'NSF_ID': '000153700', 'StartDate': '08/01/1987', 'EndDate': None, 'RoleCode': 'Principal Investigator'}
{'Name': 'Columbia University', 'CityName': 'NEW YORK', 'ZipCode': '100277922', 'PhoneNumber': '2128546851', 'StreetAddress': '615 W 131ST ST', 'StreetAddress2': 'MC 8741', 'CountryName': 'United States', 'StateName': 'New York', 'StateCode': 'NY', 'CONGRESSDISTRICT': '13', 'CONGRESS_DISTRICT_ORG': 'NY13', 'ORG_UEI_NUM': 'F4N1QNPB95M4', 'ORG_LGL_BUS_NAME': 'THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK', 'ORG_PRNT_UEI_NUM': None}
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{'Code': '1320', 'Text': 'Economics'}
{'url': 'https://www.nsf.gov/awardsearch/download?DownloadFileName=1987&All=true', 'xml': '8706670.xml'}