Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model
收藏NBER2020-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26647
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资源简介：
We estimate a Heterogeneous-Agent New Keynesian model with sticky household expectations that matches existing microeconomic evidence on marginal propensities to consume and macroeconomic evidence on the impulse response to a monetary policy shock. Our estimated model uncovers a central role for
提供机构：
美国国家经济研究局
创建时间：
2020-01-01
