Browsing BI Open by Journals "Journal of Economic Dynamics and Control"
Now showing items 1-4 of 4
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Aggregating Heterogeneous-Agent Models with Permanent Income Shocks
(Journal article; Peer reviewed, 2021)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 ... -
Dynamic spending and portfolio decisions with a soft social norm
(Peer reviewed; Journal article, 2023)We explore the implications of a preference ordering for an investor-consumer with a strong preference for keeping consumption above an exogenous social norm, but who is willing to tolerate occasional dips below it. We do ... -
Integrated epi-econ assessment of vaccination
(Peer reviewed; Journal article, 2022)Using an integrated epi-econ model, we compute the value of vaccines for Covid-19, both under a planner’s solution and in competitive equilibrium. The specific model, developed in Boppart, Harmenberg, Hassler, Krusell, and ... -
Management compensation and market timing under portfolio constraints
(Journal article; Peer reviewed, 2012)This paper shows that portfolio constraints have important implications for manage- ment compensation and performance evaluation. In particular, in the presence of portfolio constraints, allowing for benchmarking can be ...