Robust Comparative Statics in Large Dynamic Economies
(2015)
Journal Article
Acemoglu, D., & Jensen, M. K. (2015). Robust Comparative Statics in Large Dynamic Economies. Journal of Political Economy, 123(3), 587-640. https://doi.org/10.1086/680685
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 Hugge... Read More about Robust Comparative Statics in Large Dynamic Economies.