Speech
Classic Policy Benchmarks for Heterogeneous-Agent Economies
Abstract: Increasing interest in large-scale heterogeneous-agent DSGE models. Realistic degrees of heterogeneity?approaching observed Gini coefficients in U.S. data. What is the role of monetary policy in such a model?
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Speech
Publication Date: 2019-06-22
Number: 341
Note: Related presentation, titled "Classic Policy Benchmarks for Heterogeneous-Agent Economies."