Optimal policies with heterogeneous agents: truncation and transitions

DOI10.1016/J.JEDC.2023.104737zbMath1526.91016OpenAlexW4386513753MaRDI QIDQ6087266

François Le Grand, Xavier Ragot

Publication date: 15 November 2023

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2023.104737

zbMATH Keywords

heterogeneous agentstruncation approachaggregate shockoptimal Ramsey programtransition approach

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Assessing the accuracy of the aggregate law of motion in models with heterogeneous agents
• Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
• On the existence and uniqueness of stationary equilibrium in Bewley economies with production
• The method of endogenous gridpoints for solving dynamic stochastic optimization problems
• Inequality, Business Cycles, and Monetary‐Fiscal Policy
• Optimal fiscal policy with heterogeneous agents
• MANAGING INEQUALITY OVER BUSINESS CYCLES: OPTIMAL POLICIES WITH HETEROGENEOUS AGENTS AND AGGREGATE SHOCKS
• Using the Sequence‐Space Jacobian to Solve and Estimate Heterogeneous‐Agent Models
• Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk

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