The risk-free rate in heterogeneous-agent incomplete-insurance economies

From MaRDI portal
Revision as of 09:40, 30 January 2024 by Import240129110113 (talk | contribs) (Created automatically from import240129110113)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Publication:690182

DOI10.1016/0165-1889(93)90024-MzbMath0784.90018WikidataQ56806735 ScholiaQ56806735MaRDI QIDQ690182

Mark Huggett

Publication date: 20 December 1993

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)




Related Items (97)

Asset pricing with jump/diffusion permanent income shocksSeeking ergodicity in dynamic economiesAsset pledgeability and endogenously leveraged bubblesThe effect of interest rates on consumption in an income fluctuation problemIndivisible-labor, lotteries and idiosyncratic productivity shocksSolving dynamic public insurance games with endogenous agent distributions: theory and computational approximationOptimal consumption and savings with stochastic income and recursive utilityReconciling the term structure of interest rates with the consumption-based ICAP modelMeasuring high-frequency income risk from low-frequency dataWhen is market incompleteness irrelevant for the price of aggregate risk (and when is it not)?Recursive equilibrium in endogenous growth models with incomplete marketsSocial health insurance: a quantitative explorationThe determination of public debt under both aggregate and idiosyncratic uncertaintyNon-exclusive dynamic contracts, competition, and the limits of insuranceDiscretizing Distributions with Exact Moments: Error Estimate and Convergence AnalysisSocial insurance, private health insurance and individual welfareThomas Piketty and the rate of time preferenceHuggett economies with multiple stationary equilibriaThe winners and losers of tax reform: an assessment under financial integrationNIT picking: the macroeconomic effects of a negative income taxMacroeconomic and distributional effects of mortgage guarantee programs for the poorExploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivativeRenting vs buying a home: a matter of wealth accumulation or of geographic stability?Equilibrium models with heterogeneous agents under rational expectations and its numerical solutionOn the irrelevance of financial policy under market incompleteness and trading constraintsThe income fluctuation problem and the evolution of wealthOn entrepreneurial risk-taking and the macroeconomic effects of financial constraintsShort-run fiscal policy: welfare, redistribution and aggregate effects in the short and long-runUniqueness of equilibrium in a Bewley-Aiyagari modelRational inattention and the dynamics of consumption and wealth in general equilibriumA simple model of incomplete insurance The case of permanent shocksAn impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneityPARENTAL TIME INVESTMENT AND INTERGENERATIONAL MOBILITYBlock-recursive equilibria in heterogeneous-agent modelsOptimal policies with heterogeneous agents: truncation and transitionsPUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISKMONETARY POLICY AND INEQUALITY: HOW DOES ONE AFFECT THE OTHER?Fiscal multipliers: A heterogenous‐agent perspectivePartial differential equation models in macroeconomicsLabor market trends and the changing value of timeOn the existence and uniqueness of stationary equilibrium in Bewley economies with productionStochastic stability of monotone economies in regenerative environmentsEquilibrium in securities markets with heterogeneous investors and unspanned income riskThe wealth distribution in Bewley economies with capital income riskDistributional effects of endogenous discountingThe Markov consumption problemTax‐and‐transfer progressivity and business cyclesON THE DISTRIBUTIONAL EFFECTS OF INTERNATIONAL TARIFFSIncomplete markets, liquidation risk, and the term structure of interest ratesA tractable model of monetary exchange with ex post heterogeneityOn stationary recursive equilibria and nondegenerate state spaces: the Huggett modelNon-existence of recursive equilibria on compact state spaces when markets are incomplete.Mean field games and applications: numerical aspectsInflationary equilibrium in a stochastic economy with independent agentsUnique monetary equilibrium with inflation in a stationary Bewley-Aiyagari modelUninsurable investment risks and capital income taxationThe macro-financial implications of house price-indexed mortgage contractsProduction subsidies and redistributionAsset returns in an endogenous growth model with incomplete marketsGambling for redemption and self-fulfilling debt crisesWelfare implications of switching to consumption taxationOptimal lending contracts with long run borrowing constraintsSecond-, third-, and higher-order consumption functions: a precautionary taleEquilibrium consumption and precautionary savings in a stochastically growing economyEquilibrium heterogeneous-agent models as measurement tools: some Monte Carlo evidenceAdaptive learning and distributional dynamics in an incomplete markets modelSmolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domainHealth insurance reform: the impact of a medicare buy-inSolving the income fluctuation problem with unbounded rewardsFresh start or head start? uniform bankruptcy exemptions and welfareWelfare implications of endogenous credit limits with bankruptcyEndogenous market incompleteness with investment risksUninsured idiosyncratic production risk with borrowing constraintsThe risk-free rate in heterogeneous-agent incomplete-insurance economiesFinite elements in the presence of occasionally binding constraintsIntroduction to incompleteness and uncertainty in economicsAsset prices in a Huggett economySelf-insurance vs. self-financing: a welfare analysis of the persistence of shocksPublic versus private risk sharingA three state model of worker flows in general equilibriumIncomplete markets and volatilityCompetitive equilibria of economies with a continuum of consumers and aggregate shocksQuantitative implications of indexed bonds in small open economiesThe invariant distribution of wealth and employment status in a small open economy with precautionary savingsExistence theory for a time-dependent mean field games model of household wealthRecursive equilibrium in Krusell and Smith (1998)Precautionary Savings, Illiquid Assets, and the Aggregate Consequences of Shocks to Household Income RiskIgnorance, pervasive uncertainty, and household financeAsymptotic linearity of consumption functions and computational efficiencyAlgorithms for solving dynamic models with occasionally binding constraintsExplaining bond returns in heterogeneous agent models: The importance of higher-order momentsHeterogeneity and monetary policySolving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithmStochastic Comparative Statics in Markov Decision ProcessesMoney with idiosyncratic uninsurable returns to capitalRisk pooling, intermediation efficiency, and the business cycleEntrepreneurship and government subsidies: a general equilibrium analysis.




Cites Work




This page was built for publication: The risk-free rate in heterogeneous-agent incomplete-insurance economies