CORDIS Project
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This research investigates the impact of economic heterogeneity on monetary policy using advanced economic models. It aims to understand how different types of households affect consumption and investment, providing insights for better economic policy formulation.
The proposed research aims at assessing the role of heterogeneity in economic fluctuations and its implications for monetary policy, with a focus on recent HANK (for Heterogeneous Agents New Keynesian) models.A first objective is the
development of an “organizing framework” which focuses on the distinction between two types of agents of households (or firms) at any point in time: those who satisfy an intertemporal optimality condition (labeled as “unconstrained”) and
those who do not (labeled as…
Centre de Recerca en Economia Internacional (CREI)
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