Presentation | April 4 | 12-2 p.m. | 639 Evans Hall
I will cover two building blocks o fsolution methods for heterogenous agent macroeconomics: the endogenous grid method and non-stochastic simulation. I will describe how these two tools can be combined to solve for the stationary equilibrium, perfect foresight transitions, and fluctuations under uncertainty (Reiter method). I will focus on simple settings (e.g. Aiyagari 1994, Krusell-Smith 1998), but will also discuss how to extend the methods to models with nominal rigidities.
RSVP by emailing Joseph G. Mendoza at email@example.com