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1,329
Quantitative Macroeconomics with Heterogeneous Households
- Annual Review of Economics
, 2009
"... Macroeconomics is evolving from the study of aggregate dynamics to the study of the dynam-ics of the entire equilibrium distribution of allocations across individual economic actors. This article reviews the quantitative macroeconomic literature that focuses on household hetero-geneity, with a speci ..."
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Cited by 60 (5 self)
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Macroeconomics is evolving from the study of aggregate dynamics to the study of the dynam-ics of the entire equilibrium distribution of allocations across individual economic actors. This article reviews the quantitative macroeconomic literature that focuses on household hetero-geneity, with a
Dynamic Tax Incidence with Heterogeneous Households
, 1997
"... This paper examines the utility gains and losses induced by changes in capital taxation in an economy with heterogeneous discount factors. A Ramsey equilibrium, where households earn wage income and accumulate capital, but may not borrow against future wage income, provides a natural setting for thi ..."
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This paper examines the utility gains and losses induced by changes in capital taxation in an economy with heterogeneous discount factors. A Ramsey equilibrium, where households earn wage income and accumulate capital, but may not borrow against future wage income, provides a natural setting
Computation of Equilibria in OLG Models with Many Heterogeneous Households
, 2007
"... This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of represen-tative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR) algorith ..."
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Cited by 7 (2 self)
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) algorithm. SR is then demonstrated to efficiently solve Auerbach-Kotlikoff OLG models with a large number of heterogeneous households. We approximate equilibria in OLG models by solving a sequence of related Ramsey optimal growth problems. This approach can provide improvements in both efficiency
Monetary Policy with Heterogeneous Households and Imperfect Risk-Sharing
, 2007
"... This paper presents and estimates a sticky-price model with heterogenous households and nancial frictions. Financial frictions lead to imperfect risk-sharing among house-holds with idiosyncratic labor incomes. I study implications of imperfect risk-sharing for optimal monetary policy by documenting ..."
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This paper presents and estimates a sticky-price model with heterogenous households and nancial frictions. Financial frictions lead to imperfect risk-sharing among house-holds with idiosyncratic labor incomes. I study implications of imperfect risk-sharing for optimal monetary policy by documenting
Fiscal and monetary policy interaction: a simulation based analysis of a two-country New Keynesian DSGE model with
, 2009
"... heterogeneous households * ..."
OPTIMAL TAXATION OF FOREIGN SOURCE INVESTMENT INCOME WITH HETEROGENEOUS HOUSEHOLDS
"... Using a two-country static general equilibrium model with two goods (tradables and nontradables) and heterogeneous households (laborers and capital owners),this article analyzes how real exchange rate and income redistribution affect theoptimal taxation of foreign source investment income. It shows ..."
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Using a two-country static general equilibrium model with two goods (tradables and nontradables) and heterogeneous households (laborers and capital owners),this article analyzes how real exchange rate and income redistribution affect theoptimal taxation of foreign source investment income. It shows
On the Role of Progressive Taxation in a Ramsey Model with Heterogeneous Households
, 2008
"... ..."
The Extended Econometric Input-output Model With Heterogeneous Household Demand System The Extended Econometric Input-output Model With Heterogeneous Household Demand System
"... Abstract This paper proposes an extension to the regional econometric input-output model (REIM; ..."
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Abstract This paper proposes an extension to the regional econometric input-output model (REIM;
2010b), "Heterogeneous Households, Real Rigidity, and Estimated Duration of Price Contract in a Sticky Price DSGE Model," unpublished
"... This paper develops and estimates a multi-sector New Keynesian model with heterogeneous households, incomplete markets, and heterogeneous price stickiness across sectors. The paper shows that household heterogeneity and price-stickiness heterogeneity reinforce each other to de-liver substantial pric ..."
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Cited by 4 (2 self)
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This paper develops and estimates a multi-sector New Keynesian model with heterogeneous households, incomplete markets, and heterogeneous price stickiness across sectors. The paper shows that household heterogeneity and price-stickiness heterogeneity reinforce each other to de-liver substantial
1 Heterogeneous Households, Child Allowance, and Social Security- An Overlapping Generations Model with Endogenous Fertility –
"... In this paper, we assume that households have different preferences for having children. This assumption leads to differences in the predicted number of children borne by households. In our model, three types of households exist: households with some children and no savings, those with some children ..."
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In this paper, we assume that households have different preferences for having children. This assumption leads to differences in the predicted number of children borne by households. In our model, three types of households exist: households with some children and no savings, those with some
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