Search Results - subject:"HANK model"

Nuño, Galo - 2025 - This version: April 2025

The natural interest rate is the real rate that would prevail in the long-run. The standard view in macroeconomics is that the natural rate depends exclusively on structural factors such as productivity growth and demographics. This paper challenges this view by discussing three alternative, and...

Persistent link: https://www.econbiz.de/10015401982

Fiscal and monetary policy with heterogeneous agents

Auclert, Adrien; Rognlie, Matthew; Straub, Ludwig - 2024

Persistent link: https://www.econbiz.de/10015180678

Heterogeneity in macroeconomic models : a review of theory and computation

Pascal, Julien - 2024

Persistent link: https://www.econbiz.de/10014550821

Estimating nonlinear heterogeneous agents models with neural networks

Kase, Hanno; Melosi, Leonardo; Rottner, Matthias - 2022

Agents New Keynesian (HANK) model with a zero lower bound (ZLB) constraint for the nominal interest rate to show that the …

Persistent link: https://www.econbiz.de/10013479448

Estimating nonlinear heterogeneous agents models with neural networks

Kase, Hanno; Melosi, Leonardo; Rottner, Matthias - 2022

Agents New Keynesian (HANK) model with a zero lower bound (ZLB) constraint for the nominal interest rate to show that the …

Persistent link: https://www.econbiz.de/10013257224

Household debt and the heterogeneous effects of forward guidance

Ferrante, Francesco; Paustian, Matthias - 2019

We develop an incomplete-markets heterogeneous agent New-Keynesian (HANK) model in which households are allowed to lend … representative agent new- Keynesian model (RANK) or in a HANK model without private debt. First, expected lower rates imply a future … liquidity trap, and can make forward guidance more powerful in a HANK model than in a RANK framework. These results contrast …

Persistent link: https://www.econbiz.de/10012126207