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 Richer Story?
Sotata: The critique about savors being harmed by low interest rates misses this rich story. And also, more importantly, misses the fact that these people might be better off even if they do get a little less interest income,. Maybe employment income goes up. Maybe there's some other channel, maybe their asset prices go up. So there's a much richer story.
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