Solving Heterogeneous Agent Models with the Master Equation
收藏NBER2023-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31103
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资源简介：
This paper proposes an analytic representation of perturbations in heterogeneous agent economies with aggregate shocks up to any order. Treating the underlying distribution as an explicit state variable, the value function defined on an infinite-dimensional state space summarizes the entire economy
提供机构：
美国国家经济研究局
创建时间：
2023-04-01
