Prof. Benjamin Moll, Professor of Economics at the London School of Economics
Scientific Sense ®
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Is There a Difference Between Agent New Keynesian Models and HANK Models?
In almost any economy today, you see very, very high variability as you mentioned. And so studying this large systems requires one to incorporate that variability. You talk about HANK models here. It's Virginia's agent New Keynesian models. Could you describe what they are? Sure.
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