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BufferStockTheory-NoAppendix.bib
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,-------------------.
| PREAMBLE |
`-------------------'
@preamble{ "\providecommand{\noopsort}[1]{}
\providecommand{\singleletter}[1]{#1}
\providecommand{\noopsort}[1]{}
\providecommand{\singleletter}[1]{#1}
\providecommand{\noopsort}[1]{}
\providecommand{\singleletter}[1]{#1}
\providecommand{\noopsort}[1]{}
\providecommand{\singleletter}[1]{#1}
\providecommand{\noopsort}[1]{}
\providecommand{\singleletter}[1]{#1}
\providecommand{\noopsort}[1]{}
\providecommand{\singleletter}[1]{#1} "
}
,-------------------.
| BIBTEX ENTRIES |
`-------------------'
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author = {Karl Harmenberg},
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volume = {129},
year = {2021},
abstract = {I introduce a method for simulating aggregate
dynamics of heterogeneous-agent models where log
permanent income follows a random walk. The idea is
to simulate the model using a counterfactual
permanent-income-neutral measure which incorporates
the effect that permanent income shocks have on
macroeconomic aggregates. With the
permanent-income-neutral measure, one does not need
to keep track of the permanent-income distribution.
The permanent-income-neutral measure is both useful
for the analytical characterization of aggregate
consumption-savings behavior and for simulating
numerical models. Furthermore, it is trivial to
implement with a few lines of code.},
doi = {https://doi.org/10.1016/j.jedc.2021.104185},
issn = {0165-1889},
url = {https://www.sciencedirect.com/science/article/pii/
S0165188921001202},
}
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url = {https://econ-ark.github.io/BufferStockTheory},
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}