Unemployment risk, MPC heterogeneity, and business cycles

DOI10.3982/QE1550OpenAlexW4376470758MaRDI QIDQ6088818

Daeha Cho

Publication date: 16 November 2023

Published in: Quantitative Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/qe1550

zbMATH Keywords

Bayesian estimationprecautionary savingsmarginal propensity to consumeheterogeneous agent New Keynesian model

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Corrigendum to ``Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market
• Precautionary saving and aggregate demand
• Wealth and Volatility
• The Role of Automatic Stabilizers in the U.S. Business Cycle
• A Model of the Consumption Response to Fiscal Stimulus Payments
• A method for solving and estimating heterogeneous agent macro models
• Understanding HANK: Insights From a PRANK
• Precautionary Savings, Illiquid Assets, and the Aggregate Consequences of Shocks to Household Income Risk
• The source of uncertainty and optimal monetary policy

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