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Incomplete markets and the output-inflation tradeoff
Algan, Yann; Challe, Edouard; Ragot, Xavier - In: Economic theory : official journal of the Society for … 46 (2011) 1, pp. 55-84
Persistent link: https://www.econbiz.de/10008806387
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The welfare cost of inflation risk under imperfect insurance
Allais, Olivier; Algan, Yann; Challe, Edouard; Ragot, Xavier - In: Annals of economics and statistics 138 (2020), pp. 1-20
Persistent link: https://www.econbiz.de/10012602529
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Incomplete Markets and the Output-inflation Tradeoff
Algan, Yann; Challe, Edouard; Ragot, Xavier - Sciences économiques, Sciences Po - 2008
This paper analyses the effects of money shocks on macroeconomic aggregates in a flexible-price, incomplete-markets environment that generates persistent wealth inequalities amongst agents. In this framework, unexpected money shocks redistribute wealth from the cash-rich employed to the...
Persistent link: https://www.econbiz.de/10010929048
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Incomplete markets and the output-inflation tradeoff
Algan, Yann; Challe, Edouard; Ragot, Xavier - HAL - 2008
This paper analyses the effects of money shocks on macroeconomic aggregates in a flexible-price, incomplete-markets environment that generates persistent wealth inequalities amongst agents. In this framework, unexpected money shocks redistribute wealth from the cash-rich employed to the...
Persistent link: https://www.econbiz.de/10010930190
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Incomplete Markets and the Output-inflation Tradeoff
Ragot, Xavier; Allais, Olivier; Challe, Edouard; Algan, Yann - Department of Economics, Sciences économiques - 2008
This paper analyses the effects of money shocks on macroeconomic aggregates in a flexible-price, incomplete-markets environment that generates persistent wealth inequalities amongst agents. In this framework, unexpected money shocks redistribute wealth from the cash-rich employed to the...
Persistent link: https://www.econbiz.de/10010756743
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Incomplete markets and the output–inflation tradeoff
Algan, Yann; Challe, Edouard; Ragot, Xavier - In: Economic theory 46 (2010) 1, pp. 55-85
Persistent link: https://www.econbiz.de/10008770802
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Incomplete Markets and the Output-Inflation Tradeoff.
Ragot, Xavier; Challe, Edouard; Algan, Yann - Université Paris-Dauphine
This paper analyses the e¤ects of money shocks on macroeconomic aggregates within a flexible price, incomplete markets environment that generates persistent wealth inequalities amongst agents. In this framework, unexpected money shocks redistribute wealth from the cash-rich employed to the...
Persistent link: https://www.econbiz.de/10008551649
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Incomplete Markets and the Output-Inflation Tradeoff
Challe, Edouard; Algan, Yann; Ragot, Xavier - Université Paris-Dauphine (Paris IX) - 2011
This paper analyses the effects of money shocks on macroeconomic aggregates in a tractable flexible-price, incomplete-markets environment that generates persistent wealth inequalities amongst agents. In this framework, current inflation redistribute wealth from the cash-rich employed to the...
Persistent link: https://www.econbiz.de/10010709017
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Incomplete Markets and the Output-Inflation Tradeoff
Ragot, Xavier; Challe, Edouard; Algan, Yann - Université Paris-Dauphine (Paris IX) - 2008
This paper analyses the e¤ects of money shocks on macroeconomic aggregates within a flexible price, incomplete markets environment that generates persistent wealth inequalities amongst agents. In this framework, unexpected money shocks redistribute wealth from the cash-rich employed to the...
Persistent link: https://www.econbiz.de/10011073778
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Precautionary saving and aggregate demand
Challe, Edouard; Matheron, Julien; Ragot, Xavier; … - In: Quantitative Economics 8 (2017) 2, pp. 435-478
We construct, and then estimate by maximum likelihood, a tractable dynamic stochastic general equilibrium model with incomplete insurance and heterogenous agents. The key feature of our framework is that cross-sectional heterogeneity remains finite dimensional. The solution to the model thus...
Persistent link: https://www.econbiz.de/10011995494