S. Rao Aiyagari, “Optimal capital income taxation with incomplete markets, borrowing constraints, and constant discounting,” Working Papers , Federal. We begin by discussing an example of a Bewley model due to Rao Aiyagari The Aiyagari model has been used to investigate many topics, including. S. Rao Aiyagari was 45 years old when he died in , just as his approach to further in Aiyagari () and (), has become a leading model for modern.
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Store values, set up grids over a and z self. The primary reference for this lecture is [Aiy94]. See general akyagari about how to correct material in RePEc. In this lecture we describe the structure of a class of models that build on work by Truman Bewley [Bew77].
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Uninsured Idiosyncratic Risk and Aggregate Saving
This allows to link your profile to this item. Growth versus discounting ,” Journal of Economic TheoryElsevier, vol. We use Numba to speed up the 19994 so we can update the matrices efficiently when the parameters change. Access to full text is restricted to subscribers.
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How to read this lecture Uninsured Idiosyncratic Risk and Aggregate Saving. Economic Logic blog Statistics Access and download statistics. Calling the method will trigger a re-build of R.
S. Rao Aiyagari | IDEAS/RePEc
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IGIER – Universita’ Bocconi
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General contact details of provider: Other versions of this item: In this simple version of the model, households supply labor inelastically because they do not value leisure.