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Computational suite of models with heterogeneous agents: Incomplete markets and aggregate uncertainty

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  • Den Haan, Wouter J.
  • Judd, Kenneth L.
  • Juillard, Michel

Abstract

This paper describes the first model considered in the computational suite project that compares different numerical algorithms. It is an incomplete markets economy with a continuum of agents and an inequality (borrowing) constraint.

Suggested Citation

  • Den Haan, Wouter J. & Judd, Kenneth L. & Juillard, Michel, 2010. "Computational suite of models with heterogeneous agents: Incomplete markets and aggregate uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 34(1), pages 1-3, January.
    • Handle: RePEc:eee:dyncon:v:34:y:2010:i:1:p:1-3
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    References listed on IDEAS

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    1. Per Krusell & Anthony A. Smith & Jr., 1998. "Income and Wealth Heterogeneity in the Macroeconomy," Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 867-896, October.
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