[PDF][PDF] Quantitative macroeconomic models with heterogeneous agents

P Krusell, AA Smith - Econometric Society Monographs, 2006 - econ.yale.edu
The present paper reviews recent research aimed at constructing a theoretical model of the
macroeconomy with five key elements:(i) it is based on rational decision making by …

Incomplete markets, labor supply and capital accumulation

A Marcet, F Obiols-Homs, P Weil - Journal of monetary economics, 2007 - Elsevier
Endogenous labor supply decisions are introduced in an equilibrium model of limited
insurance against idiosyncratic shocks. Unlike in the standard case with exogenous labor …

Aggregate precautionary savings: when is the third derivative irrelevant?

M Huggett, S Ospina - Journal of Monetary Economics, 2001 - Elsevier
When are aggregate precautionary savings positive? We address this question in the
context of a general equilibrium model where infinitely-lived agents receive idiosyncratic …

Do We Really Need to Start From Scratch

M Gradzewicz, K Makarski, J Tyrowicz - Economic Theory on Economic …, 2013 - ceeol.com
This paper presents views and believes of the authors on the relevance of the current
economic theory for the understanding of the complex world we live in. Has the crisis indeed …

[PDF][PDF] Do We Really Need to Start From Scratch? Economic Theory on Economic Crises.

M Gradzewicz, K Makarski, J Tyrowicz - 2013 - wne.uw.edu.pl
Has the crisis indeed demonstrated that as profession we are misled by the beauty of the
mathematical models and the only useful, workable solutions at hand were provided in early …

[LIVRE][B] Parameterizing Expectations for Incomplete Markets Economies

FO Homs - 2009 - books.google.com
This working paper combines the Parameterizing Expectations Approach developed by
Marcet (1988) and Den Haan and Marcet (1990), and the approach proposed by Krusell and …

[PDF][PDF] Parameterizing Expectations for Incomplete Markets Economies

F Obiols-Homs - 2009 - fbbva.es
This working paper combines the Parameterizing Expectations Approach developed by
Marcet (1988) and Den Haan and Marcet (1990), and the approach proposed by Krusell and …

[CITATION][C] Incomplete markets, labor supply and capital accumulation

A Marcet - 1998 - ITAM, Centro de Investigación …

[CITATION][C] Effects of Unemployment Insurance Benefits in a Life-Cycle Model

A Akyol, G Liu - 2011