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We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend existing analytical and numerical methods to solve the model. We calibrate the model to U.S. data and find that stochastic interest rates provide a mechanism to link earnings, income...
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This paper elucidates public finance on the coopetition model of fiscal policy. The mix of competition and cooperation … paper focuses on the field of public economics where a confluence of public finance and demography is investigated. It is … finance and fiscal demography sensu largo where the impact of public finance on demography is added to the field of art. This …
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