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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A Study on the Effects of Interest Rates on Consumers in Europe
i really like the way they built up things from the ground up using micro data. They just say, ok, let's think about all the different transmission meca, sms in these hank models. And then what they shows you can do these very simples, tothe back of the envelope calculations a where. Ah, and in that sort of were hank model leads you where, in contrast, in an iner representative agent model, your story would have been instead, that the representative agent substitutes intertemporay for temple sisy.
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