The spice of life : allowing for heterogeneity in macro models

Macroeconomic models often make simplifying assumptions that suppress differences between people. Changing these assumptions and allowing for "heterogeneity" can enrich analysis of both observed data and policy tradeoffs. Modern macroeconomics has made significant progress in this area, sometimes significantly altering economists' views and policy prescriptions.

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Year of publication:	2012
Authors:	Athreya, Kartik B. ; Haltom, Renee
Published in:	Richmond Fed Economic Brief. - Federal Reserve Bank of Richmond. - 2012, Apr, 12-04
Publisher:	Federal Reserve Bank of Richmond
Subject:	Macroeconomics

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010722971