Narrow search
Showing 1 - 4 of 4
Cover Image
Solving OLG models with many cohorts, asset choice and large shocks
Reiter, Michael - 2015
The paper presents a computationally efficient method to solve overlapping gener- ations models with asset choice. The method is used to study an OLG economy with many cohorts, up to 3 different assets, stochastic volatility, short-sale constraints, and subject to rather large technology shocks....
Persistent link: https://www.econbiz.de/10011416011
Cover Image
Agency costs and the monetary transmission mechanism
Reiter, Michael; Sveen, Tommy; Weinke, Lutz - 2017
Once New Keynesian (NK) theory (see, e.g., Woodford 2003) is combined with a standard model of investment (see, e … elasticity of investment, as implied by standard investment theory. In order to address this puzzle we develop a NK model …
Persistent link: https://www.econbiz.de/10011619174
Cover Image
Approximate and almost-exact aggregation in dynamic stochastic heterogeneous-agent models
Reiter, Michael - 2010
systems and control theory, it is shown how to reduce the dimension of the state and the policy vector so that the reduced …
Persistent link: https://www.econbiz.de/10009732565
Cover Image
Lumpy investment and state-dependent pricing in general equilibriumi
Reiter, Michael; Sveen, Tommy; Weinke, Lutz - 2009
The lumpy nature of plant-level investment is generally not taken into account in the context of monetary theory (see …
Persistent link: https://www.econbiz.de/10009734677