This chapter reviews the microeconometrics literature on partial identification, focusing on
the developments of the last thirty years. The topics presented illustrate that the available …

The bootstrap is a method for estimating the distribution of an estimator or test statistic by
resampling one's data or a model estimated from the data. Under conditions that hold in a …

This paper proposes tools for robust inference in difference-in-differences and event-study
designs where the parallel trends assumption may be violated. Instead of requiring that …

We revisit the transmission mechanism from monetary policy to household consumption in a
Heterogeneous Agent New Keynesian (HANK) model. The model yields empirically realistic …

This paper proposes tools for robust inference for difference-in-differences and eventstudy
designs. Instead of requiring that the parallel trends assumption holds exactly, we impose …

THANK is a tractable heterogeneous-agent New-Keynesian model that captures analytically
core micro-heterogeneity channels of quantitative-HANK: cyclical inequality and risk; self …

ABSTRACT We estimate a Heterogeneous-Agent New Keynesian model with sticky
household expectations that matches existing microeconomic evidence on marginal …

The goal of this chapter is to study how, and by how much, household income, wealth, and
preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the …

Recently developed HANK models, which combine Heterogeneous Agents and New
Keynesian frictions, have had a considerable impact on macroeconomics. However, due to …

Abstract The New Keynesian (NK) cross is a graphical and analytical apparatus for
heterogeneous-agent (HANK) models expressing key aggregate demand objects—MPC …