Showing 141 - 150 of 772,528
Persistent link: https://www.econbiz.de/10013278061
Persistent link: https://www.econbiz.de/10013439685
Uncertainty rises sharply during economic downturns at both the micro and macro level. Leveraging a new solution method, I study the interaction between micro and macro uncertainty in a globally solved Heterogeneous Agent New Keynesian (HANK) model with aggregate risk, counter-cyclical...
Persistent link: https://www.econbiz.de/10013406599
Introduction -- Why Are Standard Micro-foundations Wrong? -- Statistical Physics and Macroeconomics -- Stochastic Macro … unique synthesis of statistical physics and macro-economic theory in order to confront the dismal failure in economics and in …
Persistent link: https://www.econbiz.de/10013418869
Persistent link: https://www.econbiz.de/10013479857
Persistent link: https://www.econbiz.de/10014553675
Persistent link: https://www.econbiz.de/10013204041
microfoundations' approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared … 'mechanical' nature. So rather than taking an 'explicit microfoundations' approach, in which individuals are represented as 'white … examine a parsimonious, agent-based macroeconomic model with implicit microfoundations. It generates many of the reported …
Persistent link: https://www.econbiz.de/10013132114