This paper analyzes the implications of heterogeneity in price setting for both price and inflation inertia. Standard … only ex-post heterogeneity. While it is known that these models have different implications in terms of the dynamic effects … of monetary shocks, the role of heterogeneity has not yet been properly explored. In a simple framework, this paper …

This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … place in poor and rich countries alike, arising from productivity heterogeneity and redistribution (although it could also … arise from other sources of heterogeneity). The effect is explicitly captured in the aggregate growth equation by the …

call match quality. Agents have complete information about worker and firm heterogeneity, and symmetric but incomplete …

" amounts. However, relative risk aversion appears to be constant when one corrects for individual heterogeneity, although there …

This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … place in poor and rich countries alike, arising from productivity heterogeneity and redistribution (although it could also … arise from other sources of heterogeneity). The effect is explicitly captured in the aggregate growth equation by the …