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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Is There a Role for Inequality of Distribution by Design?
Current events are in particular, rising in equality, in financial crisis, of things that are kind of hard to think about without thinking about heterigenaty. But anyway, so the story, i'd say, is something like the following. So from the thirties to the seventies, sort in the area ara before modern maquida, sort of am cangenis lm, for example,. There's very little work on a sort of personal income distribution. And then sometime in the nineties, and this is also what's nicely described in beatrice's article, people started building these heterogeneous agent models.
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