Search Results

• • 2 

    Academic Journals

  • Sort by: sorttype.publication.date.desc Newest sorttype.publication.date.asc Oldest sorttype.relevance Relevance

• Select Computing Dynamic Heterogeneous-Agent Economies: Tracking the Distribution

  1

  Computing Dynamic Heterogeneous-Agent Economies: Tracking the Distribution

  Author:Grey GordonFrom:Economic Quarterly (Vol. 106, Issue 2) Peer-Reviewed

  Spring 202011,281 words Report 1450LThe evolution of prices in dynamic heterogeneous-agent economies typically depends on the state of every agent, thereby requiring that a distribution be a state variable. The contribution of this paper is to introduce a...
• Select The Effects of Permanent and Transitory Shocks under Imperfect Information

  2

  The Effects of Permanent and Transitory Shocks under Imperfect Information

  Authors:Andrew Foerster and Pierre-Daniel SarteFrom:Economic Quarterly (Vol. 106, Issue 2) Peer-Reviewed

  Spring 20204,440 words Report 1720LThe conventional framework in modern macroeconomics assumes that households know all information pertinent to the trade-offs they face and have rational expectations. Within this framework, they optimally adjust their...