Recursive equilibria in an Aiyagari-style economy with permanent income shocks

DOI10.1111/IERE.12018zbMATH Open1420.91239OpenAlexW1526145526MaRDI QIDQ4620100FDOQ4620100

Authors: M. Kuhn 

Publication date: 7 February 2019

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://mpra.ub.uni-muenchen.de/32323/1/MPRA_paper_32323.pdf

Recommendations

• Recursive equilibria in dynamic economies with stochastic production
• Recursive equilibrium in Krusell and Smith (1998)
• Competitive equilibria of economies with a continuum of consumers and aggregate shocks
• Recursive equilibrium in stochastic OLG economies: Incomplete markets
• Non-existence of recursive equilibria on compact state spaces when markets are incomplete.

zbMATH Keywords

consumption dynamicsrecursive competitive equilibriumincome shocksAiyagari economynonmonotonicity in asset supply

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

Cited In (9)

• Solving the income fluctuation problem with unbounded rewards
• The income fluctuation problem and the evolution of wealth
• A theory of the saving rate of the rich
• Unique monetary equilibrium with inflation in a stationary Bewley-Aiyagari model
• The effect of interest rates on consumption in an income fluctuation problem
• On the existence and uniqueness of stationary equilibrium in Bewley economies with production
• Inflationary equilibrium in a stochastic economy with independent agents
• Unbounded dynamic programming via the Q-transform
• Competitive equilibria of economies with a continuum of consumers and aggregate shocks

This page was built for publication: Recursive equilibria in an Aiyagari-style economy with permanent income shocks

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4620100)