Computation of equilibria in heterogeneous agent models

This paper essentially puts together procedures that are used in the computation of equilibria in models with a very large number of heterogeneous agents. It is not a complete description of all procedures used in the literature. It describes procedures that deal with infinitely lived agent versions of the growth model with and without aggregate uncertainty, overlapping generations models, and dynamic political economy models.

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Year of publication:	1997
Authors:	Rios-Rull, Jose-Victor
Institutions:	Federal Reserve Bank of Minneapolis
Subject:	Econometric models

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Extent:	application/pdf
Series:	Staff Report.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 231
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005712320