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Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach

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NBER2017-08-01 更新2025-01-04 收录
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We recast the Aiyagari-Bewley-Huggett model of income and wealth distribution in continuous time. This workhorse model as well as heterogeneous agent models more generally then boils down to a system of partial differential equations, a fact we take advantage of to make two types of contributions.

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2017-08-01
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