Monetary and fiscal policies in a heterogeneous‐agent economy
نویسندگان
چکیده
منابع مشابه
Monetary and Fiscal Policies In a Heterogeneous-Agent Economy
I study the effects of long-run inflation and income taxation in an economy where households face uninsurable idiosyncratic risks. I construct a tractable competitive search framework that generates dispersion of prices, income and wealth. I analytically characterize the stationary equilibrium and the policy effects on individual choices. Quantitative analysis finds that monetary and fiscal pol...
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ژورنال
عنوان ژورنال: Canadian Journal of Economics/Revue canadienne d'économique
سال: 2018
ISSN: 0008-4085,1540-5982
DOI: 10.1111/caje.12337