Optimal monetary policy with heterogeneous agents: Discretion, commitment, and timeless policy
This paper characterizes optimal monetary policy in a canonical heterogeneous-agent New
Keynesian (HANK) model with wage rigidity. Under discretion, a utilitarian planner faces the …
Keynesian (HANK) model with wage rigidity. Under discretion, a utilitarian planner faces the …
Sparse grids for dynamic economic models
Solving dynamic economic models that capture salient real-world heterogeneity and non-
linearity requires the approximation of high-dimensional functions. As their dimensionality …
linearity requires the approximation of high-dimensional functions. As their dimensionality …
[PDF][PDF] Monetary and Fiscal Policy According to HANK-IO
A Schaab, SY Tan - 2023 - cerge-ei.cz
This paper studies monetary and fiscal policy transmission in a multi-sector heterogeneous-
agent New Keynesian model with an input-output network (“HANK-IO”). We document …
agent New Keynesian model with an input-output network (“HANK-IO”). We document …
Practical Marketplace Optimization at Uber Using Causally-Informed Machine Learning
B Chen, S Chen, J Dowlatabadi, YX Hong… - arXiv preprint arXiv …, 2024 - arxiv.org
Budget allocation of marketplace levers, such as incentives for drivers and promotions for
riders, has long been a technical and business challenge at Uber; understanding lever …
riders, has long been a technical and business challenge at Uber; understanding lever …
Pseudospectral methods for continuous-time heterogeneous-agent models
C Schesch - Journal of Economic Dynamics and Control, 2024 - Elsevier
We propose a pseudospectral method to solve heterogeneous-agent models in continuous
time. The solution is approximated as a sum of smooth global basis functions, in our case …
time. The solution is approximated as a sum of smooth global basis functions, in our case …
Solving Heterogeneous agent models in Continuous Time with Adaptive Sparse Grids
Z Du - 2024 - mpra.ub.uni-muenchen.de
This paper proposes a new approach to numerically solving a wide class of heterogeneous
agent models in continuous time using adaptive sparse grids. I combine the sparse finite …
agent models in continuous time using adaptive sparse grids. I combine the sparse finite …