Compared to the distributions of earnings, the distributions of wealth in the US and many
other countries are strikingly concentrated on the top and skewed to the right. To explain the …

We study the impact of flat and progressive capital taxes in a continuous-time
heterogeneousagent incomplete markets model with sudden surges in capital income. We …

We study the role of entrepreneurs for the transmission of monetary policy to aggregate
investment. To this end, we develop a HANK model with entrepreneurs who invest in private …