Robust Comparative Statics in Large Dynamic Economies
We consider infinite-horizon economies populated by a continuum of agents subject to idiosyncratic shocks. This framework contains models of saving and capital accumulation with incomplete markets in the spirit of works by Bewley, Aiyagari, and Huggett; models of entry, exit, and industry dynamics i...
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| Format: | Article |
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University of Chicago Press
2018
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| Online Access: | http://hdl.handle.net/1721.1/113904 https://orcid.org/0000-0003-0908-7491 |