Advances in Economics and Econometrics: Quantitative Macroeconomic Models with Heterogeneous Agents

By Per Krusell, Anthony A. Smith. 2006

113 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a436e15337dcd080d49b64346e9fbf4d236ac9e1

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In Economics and Econometrics

Citations in the corpus

Estimation of ergodic agent-based models by simulated minimum distance (2015, background): “Attempts to introduce non-trivial heterogeneity among households, for instance with respect to productivity, include Chang et al. (2013); Chang and Kim (2007); Krusell and Smith (2006, 1998), but still rely on the assumption of a representative firm.”
Macroeconomics and Household Heterogeneity (2016, background): “…surveys of different aspects of the literature on macroeconomics with microeconomic heterogeneity are contained in Deaton (1992), Attanasio (1999), Krusell and Smith (2006), Heathcote, Storesletten and Violante (2009), Attanasio and Weber (2010), Guvenen (2011) as well as Quadrini and Rios-Rull…”
Dynamic Quantile Models of Rational Behavior (2019, unknown): “Part of the literature allows for heterogeneity of the economic variables and shocks, but restricts the parameters of interest – parameters that characterize the preference, for example – to be homogeneous (see, e.g., Krusell and Smith (1998), Dynan (2000), Heaton and Lucas (2008)).”
Assessing the accuracy of the aggregate law of motion in models with heterogeneous agents (2010, unknown): “Krusell and Smith (2006) propose to do this by11 considering the e¤ects of changes in the initial cross-sectional distribution in a two-period12 model.”
Optimal Taxes on Fossil Fuel in General Equilibrium (2011, unknown): “…between firms—suggest that whereas there will not be exact aggregation, at least if intertemporal and insurance markets are operating with some frictions, there may well be approximate aggregation; see Krusell and Smith (1998, 2006), Angeletos and Calvet (2006), Angeletos (2007), and Covas (2006).”
Solving Heterogeneous-Agent Models by Projection and Perturbation (2009, background): “In Krusell and Smith (2006) they explain this approximate aggregation result in detail.”
Saving and Wealth Inequality (2017, unknown): “See Quadrini and Ŕıos-Rull (2014), Krusell and Smith (2006), Guvenen (2016), and Heatcote et al. (2009) for surveys on this, and Conesa et al. (2009), Krueger and Fernandez-Villaverde (2011), and Krueger et al. (2016) for interesting applications of these model economies.”