Munich Personal RePEc Archive

On the interaction between real economy and financial markets.

Grassetti, Francesca and Mammana, Cristiana and Michetti, Elisabetta (2019): On the interaction between real economy and financial markets.

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Abstract

We introduce a dynamical model describing the interaction between a three-sectors real economy and a financial market with four assets. Investors and financial mediators have heterogeneous beliefs. The model may be used to investigate interdependence within economic fluctuations and assets volatility.

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