Ben Moll on the Basics of HANK Models and How They Can Be Applied to Policymaking
Macro Musings with David Beckworth
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Aren't There Three Types of Households?
ben: We do have these different type of households in the end. In our soif i would argue more realistic ank modls, these different types arise indongosly. And what we emphasize is sort of these three types of households, as he said, which are poor hand to mouth, the wealthy hand to mouth and the non hand to mouth. Ben: The way i works is just exanti in our theory, are actually mostly the same.
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