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2 posts on "heterogeneous agent new Keynesian models"
January 7, 2022

The Effect of Inequality on the Transmission of Monetary and Fiscal Policy

Marco Del Negro, Keshav Dogra, and Laura Pilossoph

Monetary policy can have a meaningful impact on inequality, as recent theoretical and empirical studies suggest. In light of this, how should policy be conducted? And how does inequality affect the transmission of monetary policy? These are the topics covered in the second part of the recent symposium on “Heterogeneity in Macroeconomics: Implications for Policy,” hosted by the new Applied Macroeconomics and Econometrics Center (AMEC) of the New York Fed on November 12.

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Posted at 7:00 am in Fiscal Policy, Inequality, Macroeconomics, Monetary Policy | Permalink
February 24, 2020

Understanding Heterogeneous Agent New Keynesian Models: Insights from a PRANK

Sushant Acharya and Keshav Dogra

To shed light on the macroeconomic consequences of heterogeneity, Acharya and Dogra develop a stylized HANK model that contains key features present in more complicated HANK models.

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Posted at 7:00 am in Central Bank, Credit, Federal Reserve, Financial Institutions, Fiscal Policy, Inequality, Macroeconomics, Monetary Policy, Recession, Systemic Risk | Permalink

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