The risk-free rate in heterogeneous-agent incomplete-insurance economies
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- The risk-free rate in heterogeneous-agent incomplete-insurance economies
Cited in
(only showing first 100 items - show all)- Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm
- A simple model of incomplete insurance The case of permanent shocks
- Reconciling the term structure of interest rates with the consumption-based ICAP model
- Non-existence of recursive equilibria on compact state spaces when markets are incomplete.
- Algorithms for solving dynamic models with occasionally binding constraints
- Explaining bond returns in heterogeneous agent models: The importance of higher-order moments
- Entrepreneurship and government subsidies: a general equilibrium analysis.
- Asset pricing with jump/diffusion permanent income shocks
- Asset pledgeability and endogenously leveraged bubbles
- The effect of interest rates on consumption in an income fluctuation problem
- Social insurance, private health insurance and individual welfare
- Thomas Piketty and the rate of time preference
- Huggett economies with multiple stationary equilibria
- The winners and losers of tax reform: an assessment under financial integration
- NIT picking: the macroeconomic effects of a negative income tax
- Macroeconomic and distributional effects of mortgage guarantee programs for the poor
- Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
- Renting vs buying a home: a matter of wealth accumulation or of geographic stability?
- On the irrelevance of financial policy under market incompleteness and trading constraints
- Rational inattention and the dynamics of consumption and wealth in general equilibrium
- On the existence and uniqueness of stationary equilibrium in Bewley economies with production
- Stochastic stability of monotone economies in regenerative environments
- Unique monetary equilibrium with inflation in a stationary Bewley-Aiyagari model
- Money with idiosyncratic uninsurable returns to capital
- Indivisible-labor, lotteries and idiosyncratic productivity shocks
- Finite horizons, human wealth, and the risk-free rate puzzle
- Optimal lending contracts with long run borrowing constraints
- Equilibrium heterogeneous-agent models as measurement tools: some Monte Carlo evidence
- Adaptive learning and distributional dynamics in an incomplete markets model
- Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain
- Health insurance reform: the impact of a medicare buy-in
- Solving the income fluctuation problem with unbounded rewards
- Existence theory for a time-dependent mean field games model of household wealth
- Ignorance, pervasive uncertainty, and household finance
- Asymptotic linearity of consumption functions and computational efficiency
- Risk pooling, intermediation efficiency, and the business cycle
- Social health insurance: a quantitative exploration
- The determination of public debt under both aggregate and idiosyncratic uncertainty
- The income fluctuation problem and the evolution of wealth
- Uniqueness of equilibrium in a Bewley-Aiyagari model
- Labor market trends and the changing value of time
- Mean field games and applications: numerical aspects
- Welfare implications of switching to consumption taxation
- Quantitative implications of indexed bonds in small open economies
- The invariant distribution of wealth and employment status in a small open economy with precautionary savings
- Recursive equilibrium in Krusell and Smith (1998)
- Heterogeneity and monetary policy
- An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity
- The Markov consumption problem
- Incomplete markets, liquidation risk, and the term structure of interest rates
- On stationary recursive equilibria and nondegenerate state spaces: the Huggett model
- Inflationary equilibrium in a stochastic economy with independent agents
- The equity risk premium and the riskfree rate in an economy with borrowing constraints
- Competitive equilibria of economies with a continuum of consumers and aggregate shocks
- Equilibrium models with heterogeneous agents under rational expectations and its numerical solution
- Seeking ergodicity in dynamic economies
- Partial differential equation models in macroeconomics
- Solving dynamic public insurance games with endogenous agent distributions: theory and computational approximation
- Optimal consumption and savings with stochastic income and recursive utility
- Measuring high-frequency income risk from low-frequency data
- Discretizing distributions with exact moments: error estimate and convergence analysis
- Non-exclusive dynamic contracts, competition, and the limits of insurance
- The risk-free rate in a finite horizon model with bequests
- Inflation, Self Insurance and the Friedman Rule in Economies with Uninsurable Idiosyncratic Risks
- Equilibrium in securities markets with heterogeneous investors and unspanned income risk
- A tractable model of monetary exchange with ex post heterogeneity
- The macro-financial implications of house price-indexed mortgage contracts
- Stochastic comparative statics in Markov decision processes
- Precautionary savings, illiquid assets, and the aggregate consequences of shocks to household income risk
- Introduction to incompleteness and uncertainty in economics
- Asset prices in a Huggett economy
- Self-insurance vs. self-financing: a welfare analysis of the persistence of shocks
- Public versus private risk sharing
- A three state model of worker flows in general equilibrium
- Aggregate fluctuations, interest rates, and repeated insurance under private information
- Incomplete markets and volatility
- On entrepreneurial risk-taking and the macroeconomic effects of financial constraints
- Short-run fiscal policy: welfare, redistribution and aggregate effects in the short and long-run
- PARENTAL TIME INVESTMENT AND INTERGENERATIONAL MOBILITY
- Block-recursive equilibria in heterogeneous-agent models
- Optimal policies with heterogeneous agents: truncation and transitions
- PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK
- MONETARY POLICY AND INEQUALITY: HOW DOES ONE AFFECT THE OTHER?
- Fiscal multipliers: A heterogenous‐agent perspective
- Distributional effects of endogenous discounting
- Tax‐and‐transfer progressivity and business cycles
- ON THE DISTRIBUTIONAL EFFECTS OF INTERNATIONAL TARIFFS
- Drift and the risk-free rate
- The welfare effects of encouraging rural-urban migration
- Financial frictions and the wealth distribution
- Infinite debt rollover in stochastic economies
- Pseudospectral methods for continuous-time heterogeneous-agent models
- Recent advances on uniqueness of competitive equilibrium
- A mean field model for the interactions between firms on the markets of their inputs
- Capital income jumps and wealth distribution
- Hazed and confused: the effect of air pollution on dementia
- IQ, expectations, and choice
- Unemployment insurance in macroeconomic stabilization
- A welfare analysis of occupational licensing in U.S. states
- A more credible approach to parallel trends
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