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.

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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

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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.

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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.

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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.

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This author has had 4 papers announced in NEP.