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 Intuition May Be Even Stronger for a Hank Model Than a Rank Model
I want to touch on that last policy implication point, that the intuition may be even stronger for a hank model than a rank model. Is that a fair interpretation? Ye, i mean, in a sense, a these models are very so, quotation marks old cangin. And the story we tell about these direct and indirect effects, indirect effects being important, is very similar,. you know, at least inqualitatively, to the standard stot of candran cross you learn in your undergraduate.
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