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)- Drift and the risk-free rate
- An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity
- Second-, third-, and higher-order consumption functions: a precautionary tale
- The wealth distribution in Bewley economies with capital income risk
- Incomplete markets and volatility
- Equilibrium consumption and precautionary savings in a stochastically growing economy
- Uniqueness of equilibrium in a Bewley-Aiyagari model
- Indivisible-labor, lotteries and idiosyncratic productivity shocks
- Endogenous market incompleteness with investment risks
- Uninsured idiosyncratic production risk with borrowing constraints
- The risk-free rate in heterogeneous-agent incomplete-insurance economies
- Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm
- Seeking ergodicity in dynamic economies
- Competitive equilibria of economies with a continuum of consumers and aggregate shocks
- Solving the income fluctuation problem with unbounded rewards
- Explaining bond returns in heterogeneous agent models: The importance of higher-order moments
- Optimal lending contracts with long run borrowing constraints
- Asset returns in an endogenous growth model with incomplete markets
- Production subsidies and redistribution
- A simple model of incomplete insurance The case of permanent shocks
- Inflationary equilibrium in a stochastic economy with independent agents
- A three state model of worker flows in general equilibrium
- Introduction to incompleteness and uncertainty in economics
- Public versus private risk sharing
- Welfare implications of endogenous credit limits with bankruptcy
- Stochastic comparative statics in Markov decision processes
- Mean field games and applications: numerical aspects
- Gambling for redemption and self-fulfilling debt crises
- Asset pledgeability and endogenously leveraged bubbles
- Self-insurance vs. self-financing: a welfare analysis of the persistence of shocks
- Equilibrium in securities markets with heterogeneous investors and unspanned income risk
- Asset prices in a Huggett economy
- When is market incompleteness irrelevant for the price of aggregate risk (and when is it not)?
- Uninsurable investment risks and capital income taxation
- Ignorance, pervasive uncertainty, and household finance
- 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
- Aggregate fluctuations, interest rates, and repeated insurance under private information
- Social health insurance: a quantitative exploration
- Optimal consumption and savings with stochastic income and recursive utility
- Rational inattention and the dynamics of consumption and wealth in general equilibrium
- Finite elements in the presence of occasionally binding constraints
- Social insurance, private health insurance and individual welfare
- Partial differential equation models in macroeconomics
- Reconciling the term structure of interest rates with the consumption-based ICAP model
- Measuring high-frequency income risk from low-frequency data
- Algorithms for solving dynamic models with occasionally binding constraints
- Recursive equilibrium in endogenous growth models with incomplete markets
- Incomplete markets, liquidation risk, and the term structure of interest rates
- The equity risk premium and the riskfree rate in an economy with borrowing constraints
- The macro-financial implications of house price-indexed mortgage contracts
- Heterogeneity and monetary policy
- Tax‐and‐transfer progressivity and business cycles
- The income fluctuation problem and the evolution of wealth
- Welfare implications of switching to consumption taxation
- Non-exclusive dynamic contracts, competition, and the limits of insurance
- Fresh start or head start? uniform bankruptcy exemptions and welfare
- Adaptive learning and distributional dynamics in an incomplete markets model
- Entrepreneurship and government subsidies: a general equilibrium analysis.
- Quantitative implications of indexed bonds in small open economies
- Non-existence of recursive equilibria on compact state spaces when markets are incomplete.
- Solving dynamic public insurance games with endogenous agent distributions: theory and computational approximation
- Block-recursive equilibria in heterogeneous-agent models
- Equilibrium heterogeneous-agent models as measurement tools: some Monte Carlo evidence
- Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain
- Distributional effects of endogenous discounting
- On the existence and uniqueness of stationary equilibrium in Bewley economies with production
- Finite horizons, human wealth, and the risk-free rate puzzle
- Unique monetary equilibrium with inflation in a stationary Bewley-Aiyagari model
- Existence theory for a time-dependent mean field games model of household wealth
- NIT picking: the macroeconomic effects of a negative income tax
- Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
- Macroeconomic and distributional effects of mortgage guarantee programs for the poor
- Renting vs buying a home: a matter of wealth accumulation or of geographic stability?
- Precautionary savings, illiquid assets, and the aggregate consequences of shocks to household income risk
- On the real rate of interest in a closed economy
- PARENTAL TIME INVESTMENT AND INTERGENERATIONAL MOBILITY
- Stochastic stability of monotone economies in regenerative environments
- The Markov consumption problem
- Optimal policies with heterogeneous agents: truncation and transitions
- Capital income jumps and wealth distribution
- ON THE DISTRIBUTIONAL EFFECTS OF INTERNATIONAL TARIFFS
- A more credible approach to parallel trends
- A welfare analysis of occupational licensing in U.S. states
- Hazed and confused: the effect of air pollution on dementia
- IQ, expectations, and choice
- Testing the production approach to markup estimation
- Unemployment insurance in macroeconomic stabilization
- Thomas Piketty and the rate of time preference
- The winners and losers of tax reform: an assessment under financial integration
- Inflation, Self Insurance and the Friedman Rule in Economies with Uninsurable Idiosyncratic Risks
- PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK
- The determination of public debt under both aggregate and idiosyncratic uncertainty
- The risk-free rate in a finite horizon model with bequests
- MONETARY POLICY AND INEQUALITY: HOW DOES ONE AFFECT THE OTHER?
- Fiscal multipliers: A heterogenous‐agent perspective
- The effect of interest rates on consumption in an income fluctuation problem
- Pseudospectral methods for continuous-time heterogeneous-agent models
- Asset pricing with jump/diffusion permanent income shocks
- Labor market trends and the changing value of time
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