Essays in Macroeconomics with Heterogeneous Agents
| Author | : Pierre-Alexandre Noual |
| Publisher | : |
| Total Pages | : 87 |
| Release | : 2007 |
| ISBN-10 | : 0549302107 |
| ISBN-13 | : 9780549302100 |
| Rating | : 4/5 (100 Downloads) |
Download or read book Essays in Macroeconomics with Heterogeneous Agents written by Pierre-Alexandre Noual and published by . This book was released on 2007 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation investigates two models of macroeconomics with heterogeneous agents. The first chapter analyzes a setup where agents are ex ante identical, yet receive idiosyncratic income shocks which make them heterogeneous ex post. A private information friction gives rise to incomplete risk-sharing as a constrained-efficient allocation. The second chapter again considers ex post heterogeneous agents: they have identical preferences but face idiosyncratic shocks to their earning capacity. There the focus is not on risk-sharing, but on the aggregate consequences for labor supply.
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