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The Marginal Propensity to Consume in Heterogeneous Agent Models

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Cited by:

  1. Bardóczy, Bence & Savoia, Ettore & Vel´asquez-Giraldo, Mateo, 2026. "HANK Comes of Age: Monetary Policy with Heterogeneous Overlapping Generations," Working Paper Series 461, Sveriges Riksbank (Central Bank of Sweden).
  2. Ueda, Kozo, 2024. "Household spending responses to two-time COVID-19 payments," Japan and the World Economy, Elsevier, vol. 72(C).
  3. Brandsaas, Eirik Eylands & Kvaerner, Jens Soerlie, 2026. "Partial homeownership: A quantitative analysis," Journal of Financial Economics, Elsevier, vol. 179(C).
  4. Dmitriy Sergeyev & Chen Lian & Yuriy Gorodnichenko, 2025. "The Economics of Financial Stress," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 92(5), pages 3403-3437.
  5. Pedro Carneiro & Kjell Salvanes & Emma Tominey, 2024. "Insurance against Income Shocks, Parental Investments, and Child Development," CEPEO Working Paper Series 24-04, UCL Centre for Education Policy and Equalising Opportunities, revised Jun 2024.
  6. Adams, Jonathan J. & Rojas, Eugenio, 2024. "Household Consumption and Dispersed Information," Journal of Monetary Economics, Elsevier, vol. 147(C).
  7. Ambrosino, Ludovica & Chan, Jenny & Tenreyro, Silvana, 2026. "Trade fragmentation, inflationary pressures and monetary policy," LSE Research Online Documents on Economics 130958, London School of Economics and Political Science, LSE Library.
  8. Dirk Krueger & Egor Malkov & Fabrizio Perri, 2023. "How Do Households Respond to Income Shocks?," Staff Report 655, Federal Reserve Bank of Minneapolis.
  9. Dongxue Wang & Yugang He, 2025. "Navigating Structural Shocks: Bayesian Dynamic Stochastic General Equilibrium Approaches to Forecasting Macroeconomic Stability," Mathematics, MDPI, vol. 13(14), pages 1-25, July.
  10. Jappelli, Tullio & Savoia, Ettore & Sciacchetano, Alessandro, 2026. "Intertemporal MPC and shock size," European Economic Review, Elsevier, vol. 186(C).
  11. Marcin Lewandowski, 2025. "Wealth inequality through the lens of temptation preferences," GRAPE Working Papers 112, GRAPE Group for Research in Applied Economics.
  12. Tao Wang, 2023. "Perceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models," Staff Working Papers 23-59, Bank of Canada.
  13. repec:bon:boncrc:crctr224_2025_624 is not listed on IDEAS
  14. Bertrand Garbinti & Pierre Lamarche & Fredérique Savignac, 2024. "Wealth Heterogeneity and the Marginal Propensity to Consume out of Wealth," Working Papers 2022-02, Center for Research in Economics and Statistics.
  15. Bao, Yong & Bond, Timothy N. & Sun, Ruiting & Xiong, Xueping, 2025. "Voluntary retirement savings in China: A spatial ordered probit approach," Regional Science and Urban Economics, Elsevier, vol. 111(C).
  16. Boháčik, Ján, 2026. "Do indebtedness, income inequality and asset dynamics affect household consumption? Evidence from 11 OECD countries," Structural Change and Economic Dynamics, Elsevier, vol. 76(C), pages 115-138.
  17. Sebastian Gechert, 2023. "Fiscal policy: post- or New Keynesian?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 20(2), pages 338-355, November.
  18. Griffin, John M. & Kruger, Samuel & Mahajan, Prateek, 2026. "Did pandemic relief fraud inflate house prices?," Journal of Financial Economics, Elsevier, vol. 180(C).
  19. Bono Beriša & Ivan Mužić & Jurica Zrnc, 2026. "Amplifying Transmission of Monetary Policy Through Deposit Competition," Working Papers 75, The Croatian National Bank, Croatia.
  20. Christian Gillitzer, 2026. "How Does Progressivity Affect the Tax Cut Multiplier?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 67(4), pages 1183-1209, October.
  21. Christelis, Dimitris & Georgarakos, Dimitris & Jappelli, Tullio & Kenny, Geoff, 2025. "Wealth shocks and portfolio choice," Journal of Monetary Economics, Elsevier, vol. 149(C).
  22. Nikeel Nishkar Kumar & Arvind Patel & Navneel Shalendra Prasad & Shayal Nandani, 2023. "Loss aversion or hand-to-mouth behaviour in private consumption models," New Zealand Economic Papers, Taylor & Francis Journals, vol. 57(3), pages 247-259, September.
  23. Bence Bardóczy, 2024. "HANK Comes of Age: Monetary Policy with Heterogeneous Overlapping Generations," Finance and Economics Discussion Series 2024-052r1, Board of Governors of the Federal Reserve System (U.S.), revised 19 Dec 2025.
  24. Ruining Li & Qinghua Chen & Xiuhua Kang, 2025. "Impacts of Financial Literacy on Household Consumption Inequality: Panel Data from Chinese Households," Journal of Family and Economic Issues, Springer, vol. 46(3), pages 837-853, September.
  25. Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2024. "The Intertemporal Keynesian Cross," Journal of Political Economy, University of Chicago Press, vol. 132(12), pages 4068-4121.
  26. Brinca, Pedro & Faria-e-Castro, Miguel & Ferreira, Miguel H. & Holter, Hans A. & Nóbrega, Valter, 2025. "The nonlinear effects of fiscal policy," Journal of Public Economics, Elsevier, vol. 252(C).
  27. Corsello, Francesco & Riggi, Marianna, 2026. "Inflation is not equal for all: The heterogeneous effects of energy shocks," European Economic Review, Elsevier, vol. 187(C).
  28. Yunho Cho & James Morley & Aarti Singh, 2024. "Did marginal propensities to consume change with the housing boom and bust?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(1), pages 174-199, January.
  29. Felipe Alves & Giovanni L. Violante, 2024. "From Micro to Macro Hysteresis: Long-Run Effects of Monetary Policy," Staff Working Papers 24-39, Bank of Canada.
  30. López-Marmolejo, Arnoldo & Serrano, Jeffrey, 2025. "Productivity spillovers through trade integration in Central America," Economic Modelling, Elsevier, vol. 153(C).
  31. Gregory E. Givens & Tavoy D. Reid, 2026. "Strengthening the micro origins of macro multipliers via partial insurance and increasing returns," Economic Inquiry, Western Economic Association International, vol. 64(2), pages 724-747, April.
  32. Fumitaka Nakamura, 2025. "Household Income, Portfolio Choice, and Heterogeneous Consumption Responses to Monetary Policy Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(8), pages 2131-2158, December.
  33. Krueger, Dirk & Malkov, Egor & Perri, Fabrizio, 2024. "How do households respond to income shocks?," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
  34. Böjeryd, Jesper & Vestman, Roine & Tyrefors, Björn & Kessel, Dany, 2026. "The housing wealth effect: Quasi-experimental evidence," Journal of Monetary Economics, Elsevier, vol. 158(C).
  35. Krueger, Dirk & Malkov, Egor & Perri, Fabrizio, 2024. "Reprint of: How do households respond to income shocks?," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
  36. Fulford, Scott & Shupe, Cortnie, 2026. "Time preferences, rates of return, and real-world investment decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 241(C).
  37. Yugang He, 2023. "Unraveling the COVID-19 Pandemic’s Impact on South Korea’s Macroeconomy: Unearthing Novel Transmission Channels within the Energy Sector and Production Technologies," Energies, MDPI, vol. 16(9), pages 1-10, April.
  38. Jeanne Commault, 2025. "Heterogeneity in MPC Beyond Liquidity Constraints: The Role of Permanent Earnings," Working Papers hal-03870685, HAL.
  39. Pieroni, Valerio, 2023. "Energy shortages and aggregate demand: Output loss and unequal burden from HANK," European Economic Review, Elsevier, vol. 154(C).
  40. Johannes Fischer & Christoph Herler & Philip Schnattinger, 2025. "When the fog clears: the effect of reduced inflation uncertainty on households' financial behaviour," Bank of England Staff Working Paper series 1333, Bank of England.
  41. Bardóczy, Bence & Sim, Jae & Tischbirek, Andreas, 2025. "The macroeconomic effects of excess savings," Journal of Monetary Economics, Elsevier, vol. 156(C).
  42. Romain Duval & Davide Furceri & Raphaël Lee & Marina M. Tavares, 2024. "Market power and monetary policy transmission," Economica, London School of Economics and Political Science, vol. 91(362), pages 669-700, April.
  43. Rozsypal, Filip & Schlafmann, Kathrin, 2026. "Heterogeneity in MPCs and unexplained variation in consumption expenditures," Economics Letters, Elsevier, vol. 261(C).
  44. Kozo UEDA, 2023. "Marginal Propensity to Consume to Two-Time Income Shocks," CIGS Working Paper Series 23-008E, The Canon Institute for Global Studies.
  45. Schnorpfeil, Philip & Weber, Michael & Hackethal, Andreas, 2023. "Households' response to the wealth effects of inflation," SAFE Working Paper Series 400, Leibniz Institute for Financial Research SAFE.
  46. J r my Boccanfuso, 2022. "Consumption Response Heterogeneity and Dynamics with an Inattention Region," Working Papers wp1172, Dipartimento Scienze Economiche, Universita' di Bologna.
  47. Birinci, Serdar & Karahan, Fatih & Mercan, Yusuf & See, Kurt, 2026. "Labor Market Shocks and Monetary Policy," Journal of Monetary Economics, Elsevier, vol. 159(C).
  48. Michele Lenza & Jiri Slacalek, 2024. "How does monetary policy affect income and wealth inequality? Evidence from quantitative easing in the euro area," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 746-765, August.
  49. Javier López Segovia, 2023. "Consumption Commitments and Unemployment Insurance," CRC TR 224 Discussion Paper Series crctr224_2023_458, University of Bonn and University of Mannheim, Germany.
  50. Christopher D. Carroll & Edmund Crawley & William Du & Ivan Frankovic & Håkon Tretvoll, 2026. "Welfare and spending effects of consumption stimulus policies," Quantitative Economics, Econometric Society, vol. 17(3), pages 741-790, July.
  51. Savoia, Ettore, 2023. "The effects of labor income risk heterogeneity on the marginal propensity to consume," Working Paper Series 2866, European Central Bank.
  52. Huu Tuyen Tran, 2024. "Heterogeneous consumption behaviors and monetary policy in three ASEAN economies," International Economics and Economic Policy, Springer, vol. 21(4), pages 817-844, October.
  53. Felipe Alves & Giovanni L. Violante, 2026. "Inflation vs Inclusion: Stabilization Policy in the Wake of the Pandemic," Staff Working Papers 26-13, Bank of Canada.
  54. Guvenen, Fatih & Ozkan, Serdar & Madera, Rocio, 2024. "Consumption dynamics and welfare under non-Gaussian earnings risk," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
  55. Francesco Corsello & Marianna Riggi, 2023. "Inflation is not equal for all: the heterogenous effects of energy shocks," Temi di discussione (Economic working papers) 1429, Bank of Italy, Economic Research and International Relations Area.
  56. Maximilian Propst, 2025. "(Im‐)Patient Social Classes and Their Marginal Propensity to Consume Out of Wealth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 71(4), November.
  57. Diamond, William & Landvoigt, Tim & Sánchez, Germán Sánchez, 2025. "Printing away the mortgages: Fiscal inflation and the post-covid boom," Journal of Financial Economics, Elsevier, vol. 171(C).
  58. Peter Ganong & Fiona Greig & Pascal Noel & Daniel M. Sullivan & Joseph Vavra, 2024. "Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data," American Economic Review, American Economic Association, vol. 114(9), pages 2898-2939, September.
  59. Hector Cardozo & Damian Pierri, 2024. "Recurrent Anticipated Liquidity Shocks and Household Expenditure," Working Papers 347, Red Nacional de Investigadores en Economía (RedNIE).
  60. Zheng Gong, 2025. "When Does Household Heterogeneity Matter for Aggregate Fluctuations?," CRC TR 224 Discussion Paper Series crctr224_2025_624v2, University of Bonn and University of Mannheim, Germany, revised Sep 2025.
  61. McCloud, Nadine, 2024. "What has inflation targeting done for household consumption?," International Review of Financial Analysis, Elsevier, vol. 95(PC).
  62. Yunho Cho & Shuyun May Li & Lawrence Uren, 2024. "Investment Housing Tax Concessions And Welfare: A Quantitative Study For Australia," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(2), pages 781-816, May.
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