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

zbMATH Keywords

consumption dynamicsrecursive competitive equilibriumincome shocksAiyagari economynonmonotonicity in asset supply

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

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Cited in

(9)

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

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