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1 posts on "New Keynesian"
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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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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