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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The Hank Model Is a New Cansium Model
Hank is shorthand for heterogeneous agent, new cansium model. The goal in that article was to basically a reassess the monetary transmission mechanism to household consumption. Hank replaces one of three equations with this very rich soro consumption side of the economy. How households respond to intrust, trad and income changes are still the same.
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