Heterogeneous Agent Models in Continuous Time with Monetary Policy Applications

Heterogeneous Agent Models in Continuous Time with Monetary Policy Applications
Hosted by: University of Mannheim, Germany
4-6 June 2018

 

Recommended Reading List
•    Kaplan et al. (2018), “Monetary Policy According to HANK,” http://www.princeton.edu/~moll/HANK.pdf

•    Achdou et al. (2017), “Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach,” http://www.princeton.edu/~moll/HACT.pdf

•    Ahn et al. (2017), “When Inequality Matters for Macro and Macro Matters for Inequality,” http://www.princeton.edu/~moll/WIMM.pdf

•    Explanation of numerical algorithm and website with codes: http://www.princeton.edu/~moll/HACTproject.htmhttp://www.princeton.edu/~moll/HACTproject/HACT_Numerical_Appendix.pdf

•    Toolbox for solving heterogeneous agent models with aggregate shocks: https://github.com/gregkaplan/phact, application to Krusell-Smith model: https://sehyoun.com/EXAMPLE_PHACT_KS.html, application one-asset HANK model: https://sehyoun.com/EXAMPLE_one_asset_HANK_web.html