|Researchers:||Giuliano Curatola, Ilya Dergunov, Alessandro Gioffré, Roberto Panzica|
|Category:||Household Finance, Financial Markets|
The aim of the project is to study the implications of social interactions for macroeconomic quantities and asset prices. To do so we paln to build a general equilibrium model where agents join social groups and they make consumption and portfolio decisions based on the social interaction within their group. In this way we can study how the composition of social groups and different mechanisms of social interactions affect individual decisons and, in turn, macroeconomic quantities and asset prices.