Optimal Macroeconomic Policies in a Heterogeneous World
Optimal Macroeconomic Policies in a Heterogeneous World
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Publisher
London: Palgrave Macmillan UK
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Language
English
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Publisher
London: Palgrave Macmillan UK
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Contents
We study a DSGE model with “massive” heterogeneity, enough to approach Gini coefficients for income, wealth, and consumption in the U.S. data. The economy features three aggregate shocks as well as both permanent and temporary idiosyncratic risk. We introduce policymakers that can mitigate these risks for households, and a welfare theorem outlines...
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Full title
Optimal Macroeconomic Policies in a Heterogeneous World
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TN_cdi_gale_infotracmisc_A822255533
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotracmisc_A822255533
Other Identifiers
ISSN
2041-4161
E-ISSN
2041-417X
DOI
10.1057/s41308-024-00261-y
