Information and wealth heterogeneity in the macroeconomy
We document systematic differences in macroeconomic expectations across US households
and rationalize our findings with a theory of information choice. We embed this theory into an …
and rationalize our findings with a theory of information choice. We embed this theory into an …
Household Consumption and dispersed information
By introducing an information friction to a heterogeneous agent model, we are able to
explain two patterns of small economies experiencing large income changes:(1) excess …
explain two patterns of small economies experiencing large income changes:(1) excess …
[PDF][PDF] Expectation and Wealth Heterogeneity in the Macroeconomy
TBAKK Mitman, K Schlafmann - 2022 - perseus.iies.su.se
We document systematic differences in macroeconomic expectations across US households
and rationalize our findings with a theory of information choice. We embed this theory into an …
and rationalize our findings with a theory of information choice. We embed this theory into an …
Discussion of “On the possibility of krusell-smith equilibria”
D Jia - Journal of Economic Dynamics and Control, 2022 - Elsevier
Abstract Broer et al.(2021) provide an “information criterion” and show the possibility of non-
existence of the well-studied equilibrium of a workhorse heterogeneous agent model with …
existence of the well-studied equilibrium of a workhorse heterogeneous agent model with …