S. Rao Aiyagari, “Optimal capital income taxation with incomplete markets, borrowing constraints, and constant discounting,” Working Papers , Federal. We begin by discussing an example of a Bewley model due to Rao Aiyagari The Aiyagari model has been used to investigate many topics, including. S. Rao Aiyagari was 45 years old when he died in , just as his approach to further in Aiyagari () and (), has become a leading model for modern.
|Published (Last):||12 September 2007|
|PDF File Size:||4.43 Mb|
|ePub File Size:||12.98 Mb|
|Price:||Free* [*Free Regsitration Required]|
Multiplicity, optimality, and consumption smoothing ,” Journal of Economic TheoryElsevier, vol.
Store values, set up grids over a and z self. How to read this lecture A textbook treatment is available in chapter 18 of [LS18]. We present a qualitative and quantitative analysis of the standard growth model modified to include precautionary saving motives and liquidity constraints.
We use Numba to speed up the loops so we can update the matrices efficiently when the parameters change. For a detailed discussion of DiscreteDP see this lecture. RePEc uses bibliographic data supplied aijagari the respective publishers.
S. Rao Aiyagari | IDEAS/RePEc
Help us Corrections Found an error or omission? Our first task is the least exciting one: Help us Corrections Found an error or omission? RePEc uses bibliographic data supplied by the respective publishers. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Code should execute sequentially if run in a Jupyter notebook See the set up page to install Jupyter, Python and all necessary libraries Please direct feedback to contact quantecon.
Aiyagari, S Rao, The primary reference for this lecture is [Aiy94]. If the author is listed in the directory of specialists for this field, a link is also provided.
To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. When requesting a correction, please mention this item’s handle: You can help adding them by using this form. General contact details of provider: To link different versions of the same work, where versions have a different title, use this form. All material on this site has been provided by the respective publishers and authors.
You can help correct errors and omissions. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. We begin by discussing an example of a Bewley model due to Rao Aiyagari. Calling the method will trigger a re-build of R. There, details are also given on how to add or correct references and citations.
If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
These are the fields, ordered by number of announcements, along with their dates. As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Note that if the versions have a very similar title and are in the author’s profile, the links will usually be created automatically. Growth versus discounting ,” Journal of Economic TheoryElsevier, vol. It also allows you to accept potential citations to this item that we are uncertain about. New build system QuantEcon is migrating to a new build system – please report any errors to contact quantecon.
IGIER – Universita’ Bocconi
We have no references for this item. In this lecture we describe the structure of a class of models that build on work by Truman Bewley [Bew77]. See general information about how to correct material in RePEc.
Corrections All material on this site has aiyaagri provided by the respective publishers and authors. Uninsured Idiosyncratic Risk and Aggregate Saving.
S. Rao Aiyagari
In this simple version of the model, households supply labor inelastically because they ayiagari not value leisure. The interest rate associated with a given demand for capital K. To update listings or check citations waiting for approval, S. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.
Personal Details First Name: This allows to link your profile to this item. You can help correct errors and omissions.
This author has had 4 papers announced in NEP.