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In order to address these questions, we develop a monetary growth production model with heterogeneous agents.
We develop a multi-sector gravity model with heterogeneous workers to quantify the aggregate and group-level welfare effects of trade.
The paper presents a large scale overlapping generation model with heterogeneous agents, where the household is the decision unit.
To quantify the aggregate importance of intermediate input substitution, we embed our elasticities in a general equilibrium model with heterogeneous firms, calibrated to plant- and sector-level data for the Indian economy.
We study alternative institutional arrangements for the determination of monetary policy in a general equilibrium model with heterogeneous agents, where monetary policy has redistributive effects.
We embed this complementarity in a general-equilibrium trade model with heterogeneous, monopolistically competitive firms, extending Melitz (2003), and show that it generates distinctive implications for two simple, observable within-sector correlations — between output prices and plant size and between input prices and plant size — and for how those correlations vary across sectors.
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He is interested in asset pricing models with heterogeneous agents, estimation of risk, dynamics of asset prices and return predictability.
This part of the course pays special attention to methods for solving stochastic dynamic programming problems and for computing equilibria in economic models with heterogeneous actors.
In addition, we integrate classification models with heterogeneous recurrence features to differentiate healthy subjects from OSA patients.
Finally, the results of simplified models using material data obtained from numerical homogenization are compared to the results of models with heterogeneous build-up.
This paper argues that, in models with heterogeneous agents, the concept of the marginal cost of public funds (MCPF) will only be useful if it is compared with an analogous concept for the benefit side.
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