text:
@article{kaplan_wealthy_2014,
	title = {The {Wealthy} {Hand}-to-{Mouth}},
	journal = {Brookings Papers on Economic Activity},
	author = {Kaplan, Greg and Violante, Gianluca and Weidner, Justin},
	year = {2014},
	pages = {77--138},
	file = {Kaplan et al. - 2014 - The Wealthy Hand-to-Mouth.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\PDUVEHRZ\\Kaplan et al. - 2014 - The Wealthy Hand-to-Mouth.pdf:application/pdf}
}

@article{kaplan_model_2014,
	title = {A {Model} of the {Consumption} {Response} to {Fiscal} {Stimulus} {Payments}},
	volume = {82},
	number = {4},
	journal = {Econometrica},
	author = {Kaplan, Greg and Violante, Giovanni L},
	year = {2014},
	keywords = {\_tablet},
	pages = {1199--1239},
	file = {Kaplan and Violante - 2014 - A Model of the Consumption Response to Fiscal Stim.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\4ZFSTIZU\\Kaplan and Violante - 2014 - A Model of the Consumption Response to Fiscal Stim.pdf:application/pdf}
}

@article{gourinchas_consumption_2002,
	title = {Consumption over the life cycle},
	volume = {70},
	number = {1},
	journal = {Econometrica},
	author = {Gourinchas, Pierre-Olivier and Parker, Jonathan A.},
	year = {2002},
	keywords = {\_tablet},
	pages = {47--89},
	file = {Gourinchas and Parker - 2002 - Consumption over the life cycle.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\PBH8FTIZ\\Gourinchas and Parker - 2002 - Consumption over the life cycle.pdf:application/pdf}
}

@article{low_wage_2010,
	title = {Wage {Risk} and {Employment} {Risk} over the {Life} {Cycle}},
	volume = {100},
	issn = {0002-8282},
	url = {https://www.aeaweb.org/articles?id=10.1257/aer.100.4.1432},
	doi = {10.1257/aer.100.4.1432},
	abstract = {We specify a life-cycle model of consumption, labor supply and job mobility in an economy with search frictions. We distinguish different sources of risk, including shocks to productivity, job arrival, and job destruction. Allowing for job mobility has a large effect on the estimate of productivity risk. Increases in the latter impose a considerable welfare loss. Increases in employment risk have large effects on output and, primarily through this channel, affect welfare. The welfare value of programs such as Food Stamps, partially insuring productivity risk, is greater than the value of unemployment insurance which provides (partial) insurance against employment risk. (JEL D91, J22, J31, J61, J64, J65)},
	language = {en},
	number = {4},
	urldate = {2018-02-21},
	journal = {American Economic Review},
	author = {Low, Hamish and Meghir, Costas and Pistaferri, Luigi},
	month = sep,
	year = {2010},
	pages = {1432--1467},
	file = {Low et al. - 2010 - Wage Risk and Employment Risk over the Life Cycle.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\QEPLMSIF\\Low et al. - 2010 - Wage Risk and Employment Risk over the Life Cycle.pdf:application/pdf}
}

@article{gelman_harnessing_2014,
	title = {Harnessing {Naturally} {Occurring} {Data} to {Measure} the {Response} of {Spending} to {Income}},
	volume = {345},
	copyright = {Copyright {\textcopyright} 2014, American Association for the Advancement of Science},
	issn = {0036-8075, 1095-9203},
	url = {http://science.sciencemag.org.ep.fjernadgang.kb.dk/content/345/6193/212},
	doi = {10.1126/science.1247727},
	language = {en},
	number = {6193},
	urldate = {2016-11-19},
	journal = {Science},
	author = {Gelman, Michael and Kariv, Shachar and Shapiro, Matthew D. and Silverman, Dan and Tadelis, Steven},
	month = jul,
	year = {2014},
	pmid = {25013075},
	pages = {212--215},
	file = {Gelman et al. - 2014 - Harnessing naturally occurring data to measure the.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\8BIUH7C4\\Gelman et al. - 2014 - Harnessing naturally occurring data to measure the.pdf:application/pdf}
}

@techreport{druedahl_estimating_2018,
	type = {Working {Paper}},
	title = {Estimating {Dynamic} {Economic} {Models} with {Unobserved} {Heterogeneity}},
	author = {Druedahl, Jeppe and Kristensen, Dennis and J{\o}rgensen, Thomas H.},
	year = {2018}
}

@article{di_maggio_interest_2017,
	title = {Interest {Rate} {Pass}-{Through}: {Mortgage} {Rates}, {Household} {Consumption}, and {Voluntary} {Deleveraging}},
	volume = {107},
	number = {11},
	journal = {American Economic Review},
	author = {Di Maggio, Marco and Kermani, Amir and Keys, Benjamin J. and Piskorski, Tomasz and Ramcharan, Rodney and Seru, Amit and Yao, Vincent},
	month = nov,
	year = {2017},
	pages = {3550--3588},
	file = {Di Maggio et al. - 2017 - Interest Rate Pass-Through Mortgage Rates, Househ.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\VP8MATJF\\Di Maggio et al. - 2017 - Interest Rate Pass-Through Mortgage Rates, Househ.pdf:application/pdf}
}

@techreport{achdou_income_2020,
	type = {Working {Paper}},
	title = {Income and wealth distribution in macroeconomics: {A} continuous-time approach},
	author = {Achdou, Yves and Han, Jiequn and Lasry, Jean-Michel and Lions, Pierre-Louis and Moll, Benjamin},
	year = {2020},
	file = {Achdou et al. - 2020 - Income and wealth distribution in macroeconomics .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\85ZMNUBJ\\Achdou et al. - 2020 - Income and wealth distribution in macroeconomics .pdf:application/pdf}
}

@article{de_nardi_saving_2017,
	title = {Saving and wealth inequality},
	volume = {26},
	issn = {1094-2025},
	url = {http://www.sciencedirect.com/science/article/pii/S1094202517300546},
	doi = {10.1016/j.red.2017.06.002},
	abstract = {Why are some people wealthy while others are poor? To what extent can governments affect inequality? Which instruments should they use? Answering these questions requires understanding why people save. Dynamic quantitative models of wealth inequality can help us to understand and quantify the determinants of the outcomes that we observe in the data and to evaluate the consequences of policy reform. This paper surveys the savings mechanisms generated by the transmission of bequests and human capital, by preference heterogeneity, by rate of return heterogeneity, by entrepreneurship, by richer earnings processes, and by medical expenses. It concludes that the transmission of bequests and human capital, entrepreneurship, and medical-expense risk are crucial determinants of savings and wealth inequality and that we need to look at more data to measure their relative importance.},
	number = {Supplement C},
	journal = {Review of Economic Dynamics},
	author = {De Nardi, Mariacristina and Fella, Giulio},
	month = oct,
	year = {2017},
	keywords = {Inequality, inequality, Saving, saving, Wealth},
	pages = {280--300},
	file = {De Nardi and Fella - 2017 - Saving and wealth inequality.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\66DUSH2Z\\De Nardi and Fella - 2017 - Saving and wealth inequality.pdf:application/pdf}
}

@incollection{krueger_chapter_2016,
	title = {Chapter 11 - {Macroeconomics} and {Household} {Heterogeneity}},
	volume = {2},
	url = {http://www.sciencedirect.com/science/article/pii/S1574004816300039},
	abstract = {The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the US Great Recession of 2007{\textendash}09 and proceed in two steps. First, using data from the Panel Study of Income Dynamics, we document the patterns of household income, consumption, and wealth inequality before and during the Great Recession. We then investigate how households in different segments of the wealth distribution were affected by income declines, and how they changed their expenditures differentially during the aggregate downturn. Motivated by this evidence, we study several variants of a standard heterogeneous household model with aggregate shocks and an endogenous cross-sectional wealth distribution. Our key finding is that wealth inequality can significantly amplify the impact of an aggregate shock, and it does so if the distribution features a sufficiently large fraction of households with very little net worth that sharply increase their saving (ie, they are not hand-to mouth) as the recession hits. We document that both these features are observed in the PSID. We also investigate the role that social insurance policies, such as unemployment insurance, play in shaping the cross-sectional income and wealth distribution, and through it, the dynamics of business cycles.},
	urldate = {2018-01-15},
	booktitle = {Handbook of {Macroeconomics}},
	publisher = {Elsevier},
	author = {Krueger, D. and Mitman, K. and Perri, F.},
	editor = {Taylor, John B. and Uhlig, Harald},
	month = jan,
	year = {2016},
	doi = {10.1016/bs.hesmac.2016.04.003},
	keywords = {E21, E32, J65, Recessions, Social insurance, Wealth inequality},
	pages = {843--921},
	file = {Krueger et al. - 2016 - Chapter 11 - Macroeconomics and Household Heteroge.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\ILQL72MX\\Krueger et al. - 2016 - Chapter 11 - Macroeconomics and Household Heteroge.pdf:application/pdf}
}

@article{jorgensen_lifecycle_2017,
	title = {Life-{Cycle} {Consumption} and {Children}: {Evidence} from a {Structural} {Estimation}},
	volume = {79},
	issn = {1468-0084},
	shorttitle = {Life-{Cycle} {Consumption} and {Children}},
	url = {http://onlinelibrary.wiley.com/doi/10.1111/obes.12170/abstract},
	doi = {10.1111/obes.12170},
	language = {en},
	number = {5},
	urldate = {2018-01-15},
	journal = {Oxford Bulletin of Economics and Statistics},
	author = {J{\o}rgensen, Thomas H.},
	month = oct,
	year = {2017},
	pages = {717--746},
	file = {J{\o}rgensen - 2017 - Life-Cycle Consumption and Children Evidence from.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\PMB8HMZ3\\J{\o}rgensen - 2017 - Life-Cycle Consumption and Children Evidence from.pdf:application/pdf}
}

@article{carroll_buffer-stock_2015,
	title = {Buffer-stock saving in a {Krusell}{\textendash}{Smith} world},
	volume = {132},
	journal = {Economics Letters},
	author = {Carroll, Christopher D. and Slacalek, Jiri and Tokuoka, Kiichi},
	month = jul,
	year = {2015},
	keywords = {Wealth inequality, Household heterogeneity, Household income process},
	pages = {97--100},
	file = {Carroll et al. - 2015 - Buffer-stock saving in a Krusell{\textendash}Smith world.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\VGG6824Z\\Carroll et al. - 2015 - Buffer-stock saving in a Krusell{\textendash}Smith world.pdf:application/pdf}
}

@article{carroll_buffer-stock_1997,
	title = {Buffer-{Stock} {Saving} and the {Life} {Cycle}/{Permanent} {Income} {Hypothesis}},
	volume = {112},
	number = {1},
	journal = {The Quarterly Journal of Economics},
	author = {Carroll, Christopher D.},
	year = {1997},
	pages = {1--55},
	file = {Carroll - 1997 - Buffer-Stock Saving and the Life CyclePermanent I.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\WPMUAN2H\\Carroll - 1997 - Buffer-Stock Saving and the Life CyclePermanent I.pdf:application/pdf}
}

@article{browning_life-cycle_2001,
	title = {The life-cycle model of consumption and saving},
	volume = {15},
	number = {3},
	journal = {The Journal of Economic Perspectives},
	author = {Browning, Martin and Crossley, Thomas F.},
	year = {2001},
	keywords = {\_tablet, Druedahl2012a, Consumption - General},
	pages = {3--22},
	file = {Browning and Crossley - 2001 - The life-cycle model of consumption and saving.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\AWTKUIUB\\Browning and Crossley - 2001 - The life-cycle model of consumption and saving.pdf:application/pdf}
}

@article{attanasio_consumption_1995,
	title = {Consumption over the {Life} {Cycle} and over the {Business} {Cycle}},
	volume = {85},
	issn = {0036-8075},
	journal = {The American Economic Review},
	author = {Attanasio, Orazio P. and Browning, Martin},
	month = feb,
	year = {1995},
	keywords = {\_tablet, Druedahl2012a, Consumption - General},
	pages = {1118--1137},
	file = {Attanasio and Browning - 1995 - Consumption over the Life Cycle and over the Busin.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\M2H4F6TS\\Attanasio and Browning - 1995 - Consumption over the Life Cycle and over the Busin.pdf:application/pdf}
}

@incollection{attanasio_consumption_1999,
	title = {Consumption},
	volume = {1},
	booktitle = {Handbook of {Macroeconomics}, {Volume} 1},
	publisher = {Elsevier B.V.},
	author = {Attanasio, Orazio P.},
	editor = {Taylor, John B. and Woodford, Michael},
	year = {1999},
	keywords = {\_tablet, Druedahl2012a, Consumption - General},
	pages = {741--812},
	file = {Attanasio - 1999 - Consumption.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\FSJU9T42\\Attanasio - 1999 - Consumption.pdf:application/pdf}
}

@incollection{krusell_quantitative_2006,
	title = {Quantitative macroeconomic models with heterogeneous agents},
	url = {http://www.econ.yale.edu/smith/paper14.pdf},
	urldate = {2013-09-07},
	booktitle = {Advanced in {Economics} and {Econometrics}: {Theory} and {Applications}},
	publisher = {Cambridge University Press},
	author = {Krusell, Per and Smith, Anthony A.},
	editor = {Blundell, Richard},
	year = {2006},
	pages = {298--340},
	file = {Krusell and Smith - 2006 - Quantitative macroeconomic models with heterogeneo.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\KHFBWVQI\\Krusell and Smith - 2006 - Quantitative macroeconomic models with heterogeneo.pdf:application/pdf}
}

@article{krusell_income_1998,
	title = {Income and wealth heterogeneity in the macroeconomy},
	volume = {106},
	number = {5},
	journal = {Journal of Political Economy},
	author = {Krusell, Per and Smith, Anthony A.},
	year = {1998},
	keywords = {\_tablet},
	pages = {867--896},
	file = {Krusell and Smith - 1998 - Income and wealth heterogeneity in the macroeconom.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\Z5BTCIA2\\Z5BTCIA2.pdf:application/pdf}
}

@book{friedman_theory_1957,
	title = {A theory of the consumption function},
	publisher = {Princeton university Press for NBER},
	author = {Friedman, Milton},
	year = {1957},
	keywords = {Druedahl2012a, Consumption - General}
}

@article{den_haan_computational_2010,
	title = {Computational suite of models with heterogeneous agents: {Incomplete} markets and aggregate uncertainty},
	volume = {34},
	number = {1},
	journal = {Journal of Economic Dynamics and Control},
	author = {Den Haan, Wouter J. and Judd, Kenneth L. and Juillard, Michel},
	month = jan,
	year = {2010},
	keywords = {\_tablet},
	pages = {1--3},
	file = {Den Haan et al. - 2010 - Computational suite of models with heterogeneous a.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\XTXAJ2U6\\Den Haan et al. - 2010 - Computational suite of models with heterogeneous a.pdf:application/pdf}
}

@article{cagetti_wealth_2003,
	title = {Wealth {Accumulation} {Over} the {Life} {Cycle} and {Precautionary} {Savings}},
	volume = {21},
	number = {3},
	journal = {Journal of Business \& Economic Statistics},
	author = {Cagetti, Marco},
	month = jul,
	year = {2003},
	keywords = {\_tablet},
	pages = {339--353},
	file = {Cagetti - 2003 - Wealth Accumulation Over the Life Cycle and Precau.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\BWTQMWU4\\Cagetti - 2003 - Wealth Accumulation Over the Life Cycle and Precau.pdf:application/pdf}
}

@article{carroll_method_2006,
	title = {The {Method} of {Endogenous} {Gridpoints} for {Solving} {Dynamic} {Stochastic} {Optimization} {Problems}},
	volume = {91},
	number = {3},
	journal = {Economics Letters},
	author = {Carroll, Christopher D.},
	month = jun,
	year = {2006},
	keywords = {\_tablet},
	pages = {312--320},
	file = {Carroll - 2006 - The method of endogenous gridpoints for solving dy.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\QH6KMTDH\\Carroll - 2006 - The method of endogenous gridpoints for solving dy.pdf:application/pdf}
}

@article{mian_household_2013,
	title = {Household {Balance} {Sheets}, {Consumption}, and the {Economic} {Slump}},
	volume = {128},
	number = {4},
	journal = {The Quarterly Journal of Economics},
	author = {Mian, Atif and Rao, Kamalesh and Sufi, Amir},
	month = nov,
	year = {2013},
	pages = {1687--1726},
	file = {Mian et al. - 2013 - Household Balance Sheets, Consumption, and the Eco.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\QMDXRA8Z\\Mian et al. - 2013 - Household Balance Sheets, Consumption, and the Eco.pdf:application/pdf}
}

@book{deaton_understanding_1992,
	title = {Understanding {Consumption}},
	publisher = {Oxford University Press},
	author = {Deaton, Angus},
	year = {1992},
	keywords = {Business \& Economics / Economics / Theory, Business \& Economics / Consumer Behavior, Business \& Economics / Economics / General, Biography \& Autobiography / Literary, Fiction / General}
}

@article{carroll_buffer-stock_1992,
	title = {The buffer-stock theory of saving: {Some} macroeconomic evidence},
	volume = {2},
	journal = {Brookings Papers on Economic Activity},
	author = {Carroll, Christopher D.},
	year = {1992},
	keywords = {\_tablet},
	pages = {61--156},
	file = {Carroll - 1992 - The buffer-stock theory of saving Some macroecono.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\DV2N729G\\Carroll - 1992 - The buffer-stock theory of saving Some macroecono.pdf:application/pdf}
}

@incollection{modigliani_utility_1954,
	title = {Utility {Analysis} and the {Consumptio} {Function}: {An} {Interpretation} of {Cross}-{Section} {Data}},
	booktitle = {Post-{Keynesian} {Economics}},
	publisher = {Rutgers University Press},
	author = {Modigliani, Franco and Brumburg, R},
	editor = {Kurihara, K and Brunswick, News},
	year = {1954},
	keywords = {Druedahl2012a, Consumption - General},
	pages = {338--436}
}

@article{johnson_household_2006,
	title = {Household {Expenditure} and the {Income} {Tax} {Rebates} of 2001},
	volume = {96},
	number = {5},
	journal = {The American Economic Review},
	author = {Johnson, David S. and Parker, Jonathan A. and Souleles, Nicholas S.},
	year = {2006},
	keywords = {\_tablet, Druedahl2012a, Consumption - Events},
	pages = {1589--1610},
	file = {Johnson et al. - 2006 - Household expenditure and the income tax rebates o.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\QTDUI88P\\Johnson et al. - 2006 - Household expenditure and the income tax rebates o.pdf:application/pdf}
}

@article{huggett_risk-free_1993,
	title = {The risk-free rate in heterogeneous-agent incomplete-insurance economies},
	volume = {17},
	issn = {0165-1889},
	url = {http://www.sciencedirect.com/science/article/pii/016518899390024M},
	doi = {10.1016/0165-1889(93)90024-M},
	number = {5-6},
	urldate = {2013-09-07},
	journal = {Journal of Economic Dynamics and Control},
	author = {Huggett, Mark},
	month = sep,
	year = {1993},
	pages = {953--969},
	file = {Huggett - 1993 - The risk-free rate in heterogeneous-agent incomple.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\49APQJZ9\\Huggett - 1993 - The risk-free rate in heterogeneous-agent incomple.pdf:application/pdf}
}

@article{conesa_taxing_2009,
	title = {Taxing {Capital}? {Not} a {Bad} {Idea} after {All}!},
	volume = {99},
	issn = {0002-8282},
	shorttitle = {Taxing {Capital}?},
	url = {https://www.aeaweb.org/articles?id=10.1257/aer.99.1.25},
	doi = {10.1257/aer.99.1.25},
	abstract = {We quantitatively characterize the optimal capital and labor income tax in an
overlapping generations model with idiosyncratic, uninsurable income shocks
and permanent productivity differences of households. The optimal capital
income tax rate is significantly positive at 36 percent. The optimal progressive
labor income tax is, roughly, a flat tax of 23 percent with a deduction of \$7,200
(relative to average household income of \$42,000). The high optimal capital
income tax is mainly driven by the life-cycle structure of the model, whereas the
optimal progressivity of the labor income tax is attributable to the insurance
and redistribution role of the tax system. (JEL E13, H21, H24, H25)},
	number = {1},
	urldate = {2016-09-26},
	journal = {American Economic Review},
	author = {Conesa, Juan Carlos and Kitao, Sagiri and Krueger, Dirk},
	month = mar,
	year = {2009},
	pages = {25--48},
	file = {Conesa et al. - 2009 - Taxing Capital Not a Bad Idea after All!.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\9AGESN8R\\Conesa et al. - 2009 - Taxing Capital Not a Bad Idea after All!.pdf:application/pdf}
}

@article{adda_career_2016,
	title = {The {Career} {Costs} of {Children}},
	volume = {forthcoming},
	journal = {Journal of Political Economy},
	author = {Adda, J{\'e}r{\^o}me and Dustmann, Christian and Stevens, Katrien},
	year = {2016},
	file = {Adda et al. - The Career Costs of Children.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\NXKKN5WC\\NXKKN5WC.pdf:application/pdf}
}

@article{berger_consumption_2015,
	title = {Consumption {Dynamics} {During} {Recessions}},
	volume = {83},
	number = {1},
	journal = {Econometrica},
	author = {Berger, David and Vavra, Joseph},
	month = jan,
	year = {2015},
	keywords = {consumption, Consumption, Durables, fixed costs, indirect inference, nonlinear impulse response},
	pages = {101--154},
	file = {Berger and Vavra - 2015 - Consumption Dynamics During Recessions.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\P27GPNNU\\P27GPNNU.pdf:application/pdf}
}

@article{tauchen_quadrature-based_1991,
	title = {Quadrature-{Based} {Methods} for {Obtaining} {Approximate} {Solutions} to {Nonlinear} {Asset} {Pricing} {Models}},
	volume = {59},
	copyright = {Copyright {\textcopyright} 1991 The Econometric Society},
	issn = {0012-9682},
	url = {http://www.jstor.org/stable/2938261},
	doi = {10.2307/2938261},
	number = {2},
	urldate = {2013-03-19},
	journal = {Econometrica},
	author = {Tauchen, George and Hussey, Robert},
	month = mar,
	year = {1991},
	pages = {371--396},
	file = {Tauchen and Hussey - 1991 - Quadrature-Based Methods for Obtaining Approximate.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\I6FJHAMV\\Tauchen and Hussey - 1991 - Quadrature-Based Methods for Obtaining Approximate.pdf:application/pdf}
}

@article{zeldes_optimal_1989,
	title = {Optimal {Consumption} with {Stochastic} {Income}: {Deviations} from {Certainty} {Equivalence}},
	volume = {104},
	number = {2},
	journal = {The Quarterly Journal of Economics},
	author = {Zeldes, Stephen P.},
	month = may,
	year = {1989},
	pages = {275--298},
	file = {Zeldes - 1989 - Optimal Consumption with Stochastic Income Deviat.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\3EY757K9\\Zeldes - 1989 - Optimal Consumption with Stochastic Income Deviat.pdf:application/pdf}
}

@book{ljungqvist_recursive_2004,
	title = {Recursive {Macroeconomic} {Theory}},
	publisher = {MIT Press},
	author = {Ljungqvist, Lars and Sargent, Thomas J.},
	year = {2004},
	keywords = {Business \& Economics / Economics / Macroeconomics, Business \& Economics / Economics / Theory}
}

@article{judd_smolyak_2014,
	title = {Smolyak method for solving dynamic economic models: {Lagrange} interpolation, anisotropic grid and adaptive domain},
	volume = {44},
	journal = {Journal of Economic Dynamics and Control},
	author = {Judd, Kenneth L. and Maliar, Lilia and Maliar, Serguei and Valero, Rafael},
	month = jul,
	year = {2014},
	keywords = {Projection, Adaptive domain, Anisotropic grid, High-dimensional problem, Smolyak method, Sparse grid},
	pages = {92--123},
	file = {Judd et al. - 2014 - Smolyak method for solving dynamic economic models.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\Q6THMB6W\\Judd et al. - 2014 - Smolyak method for solving dynamic economic models.pdf:application/pdf}
}

@book{bertsekas_dynamic_2012,
	title = {Dynamic {Programming} and {Optimal} {Control}: {Approximate} dynamic programming},
	publisher = {Athena Scientific},
	author = {Bertsekas, Dimitri P.},
	year = {2012},
	keywords = {Mathematics / Linear \& Nonlinear Programming, Technology \& Engineering / Operations Research}
}

@book{stokey_recursive_1989,
	title = {Recursive methods in economic dynamics},
	publisher = {Harvard University Press},
	author = {Stokey, Nancy L. and Lucas, Robert E.},
	year = {1989},
	keywords = {Business \& Economics / Economics / General}
}

@book{powell_approximate_2011,
	title = {Approximate {Dynamic} {Programming}: {Solving} the {Curses} of {Dimensionality}},
	publisher = {John Wiley \& Sons},
	author = {Powell, Warren B.},
	month = oct,
	year = {2011},
	keywords = {Mathematics / Probability \& Statistics / General, Mathematics / Probability \& Statistics / Stochastic Processes}
}

@book{adda_dynamic_2003,
	title = {Dynamic {Economics}: {Quantitative} {Methods} and {Applications}},
	publisher = {MIT Press},
	author = {Adda, J{\'e}r{\^o}me and Cooper, Russell Wade},
	year = {2003},
	keywords = {Business \& Economics / Economics / Macroeconomics, Business \& Economics / Econometrics, Business \& Economics / Economics / General}
}

@book{judd_numerical_1998,
	title = {Numerical {Methods} in {Economics}},
	publisher = {MIT Press},
	author = {Judd, Kenneth L.},
	year = {1998},
	keywords = {Business \& Economics / Econometrics, Business \& Economics / Statistics, Business \& Economics / Economics / General, Mathematics / Numerical Analysis, Business \& Economics / Finance, Mathematics / General}
}

@book{puterman_markov_2009,
	title = {Markov {Decision} {Processes}: {Discrete} {Stochastic} {Dynamic} {Programming}},
	publisher = {John Wiley \& Sons},
	author = {Puterman, Martin L.},
	year = {2009},
	keywords = {Mathematics / Probability \& Statistics / General}
}

@article{carroll_theory_2001,
	title = {A {Theory} of the {Consumption} {Function}, with and without {Liquidity} {Constraints}},
	volume = {15},
	number = {3},
	journal = {The Journal of Economic Perspectives},
	author = {Carroll, Christopher D.},
	year = {2001},
	pages = {23--45},
	file = {Carroll - 2001 - A Theory of the Consumption Function, with and wit.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\BBM572WT\\Carroll - 2001 - A Theory of the Consumption Function, with and wit.pdf:application/pdf}
}

@book{gourieroux_simulation-based_1997,
	address = {New York, NY},
	title = {Simulation-based {Econometric} {Methods}},
	abstract = {This book introduces a new generation of statistical econometrics. After linear models leading to analytical expressions for estimators, and non-linear models using numerical optimization algorithms, the availability of high- speed computing has enabled econometricians to consider econometric models without simple analytical expressions. The previous difficulties presented by the presence of integrals of large dimensions in the probability density functions or in the moments can be circumvented by a simulation-based approach. After a brief survey of classical parametric and semi-parametric non-linear estimation methods and a description of problems in which criterion functions contain integrals, the authors present a general form of the model where it is possible to simulate the observations. They then move to calibration problems and the simulated analogue of the method of moments, before considering simulated versions of maximum likelihood, pseudo-maximum likelihood, or non-linear least squares. The general principle of indirect inference is presented and is then applied to limited dependent variable models and to financial series.},
	publisher = {Oxford University Press},
	author = {Gouri{\'e}roux, Christian and Monfort, Alain},
	month = jan,
	year = {1997}
}

@article{parker_consumer_2013,
	title = {Consumer {Spending} and the {Economic} {Stimulus} {Payments} of 2008},
	volume = {103},
	number = {6},
	journal = {The American Economic Review},
	author = {Parker, Jonathan A and Souleles, Nicholas S and Johnson, David S and McClelland, Robert},
	month = oct,
	year = {2013},
	pages = {2530--2553},
	file = {Parker et al. - 2013 - Consumer Spending and the Economic Stimulus Paymen.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\ATP4S3II\\Parker et al. - 2013 - Consumer Spending and the Economic Stimulus Paymen.pdf:application/pdf}
}

@article{heathcote_consumption_2014,
	title = {Consumption and {Labor} {Supply} with {Partial} {Insurance}: {An} {Analytical} {Framework}},
	volume = {104},
	number = {7},
	journal = {The American Economic Review},
	author = {Heathcote, Jonathan and Storesletten, Kjetil and Violante, Giovanni L.},
	month = jul,
	year = {2014},
	pages = {2075--2126},
	file = {Heathcote et al. - 2014 - Consumption and Labor Supply with Partial Insuranc.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\593C27X6\\Heathcote et al. - 2014 - Consumption and Labor Supply with Partial Insuranc.pdf:application/pdf}
}

@article{carroll_requiem_2000,
	title = {Requiem for the representative consumer? {Aggregate} implications of microeconomic consumption behavior},
	volume = {90},
	number = {2},
	journal = {The American Economic Review: Papers and Proceedings of the One Hundred Twelfth Annual Meeting of the American economic Association},
	author = {Carroll, Christopher D.},
	year = {2000},
	keywords = {\_tablet},
	pages = {110--115},
	file = {Carroll - 2000 - Requiem for the representative consumer Aggregate.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\RMS2T4IP\\Carroll - 2000 - Requiem for the representative consumer Aggregate.pdf:application/pdf}
}

@article{guvenen_inferring_2014,
	title = {Inferring labor income risk and partial insurance from economic choices},
	volume = {82},
	number = {6},
	journal = {Econometrica},
	author = {Guvenen, Fatih and Smith, Anthony A.},
	year = {2014},
	keywords = {Heterogeneous Income Profiles, Idiosyncratic shocks, Indirect Inference Estimation, Labor income risk, Persistence},
	pages = {2085--2129},
	file = {Guvenen and Smith - 2014 - Inferring labor income risk and partial insurance .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\3IQXAQAH\\Guvenen and Smith - 2014 - Inferring labor income risk and partial insurance .pdf:application/pdf}
}

@article{french_effects_2011,
	title = {The {Effects} of {Health} {Insurance} and {Self}-{Insurance} on {Retirement} {Behavior}},
	volume = {79},
	number = {3},
	journal = {Econometrica},
	author = {French, Eric and Jones, John Bailey},
	year = {2011},
	keywords = {saving, health insurance, Medicare, Retirement behavior},
	pages = {693--732},
	file = {French and Jones - 2011 - The Effects of Health Insurance and Self-Insurance.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\UM3A2Z26\\French and Jones - 2011 - The Effects of Health Insurance and Self-Insurance.pdf:application/pdf}
}

@article{krusell_incoem_1997,
	title = {Incoem and wealth heterogeneity, portfolio choice, and equilibrium asset returns},
	volume = {1},
	number = {02},
	journal = {Macroeconomic Dynamics},
	author = {Krusell, Per and Smith, Anthony A.},
	year = {1997},
	keywords = {Incomplete markets, Heterogeneity, Equity Premium, Market Price of Risk},
	pages = {387--422},
	file = {Krusell and Smith - 1997 - Incoem and wealth heterogeneity, portfolio choice,.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\BHKJAD35\\Krusell and Smith - 1997 - Incoem and wealth heterogeneity, portfolio choice,.pdf:application/pdf}
}

@article{heathcote_quantitative_2009,
	title = {Quantitative {Macroeconomics} with {Heterogeneous} {Households}},
	volume = {1},
	number = {1},
	journal = {Annual Review of Economics},
	author = {Heathcote, Jonathan and Storesletten, Kjetil and Violante, Giovanni L.},
	month = sep,
	year = {2009},
	keywords = {\_tablet},
	pages = {319--354},
	file = {Heathcote et al. - 2009 - Quantitative Macroeconomics with Heterogeneous Hou.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\6EEDTIWP\\Heathcote et al. - 2009 - Quantitative Macroeconomics with Heterogeneous Hou.pdf:application/pdf}
}

@article{keane_labour_2016,
	title = {Labour {Supply}: {The} {Roles} of {Human} {Capital} and {The} {Extensive} {Margin}},
	volume = {126},
	issn = {1468-0297},
	shorttitle = {Labour {Supply}},
	url = {http://onlinelibrary.wiley.com/doi/10.1111/ecoj.12362/abstract},
	doi = {10.1111/ecoj.12362},
	abstract = {We specify and estimate a life-cycle labour supply model that expands on earlier work by simultaneously including human capital accumulation, saving and bequests, an active extensive margin, a realistic specification of the progressive tax structure and the Social Security system, and an accounting for private pensions and health expenditures. By incorporating all these features, we develop new insights into how taxes affect life-cycle labour supply. For instance, we find that labour supply elasticities vary in important ways with age, education and the tax structure itself. We also show how human capital affects elasticities differently on the intensive versus extensive margins.},
	language = {en},
	number = {592},
	urldate = {2016-10-31},
	journal = {The Economic Journal},
	author = {Keane, Michael P. and Wasi, Nada},
	month = may,
	year = {2016},
	pages = {578--617},
	file = {Keane and Wasi - 2016 - Labour Supply The Roles of Human Capital and The .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\6T299KQJ\\Keane and Wasi - 2016 - Labour Supply The Roles of Human Capital and The .pdf:application/pdf}
}

@book{schmedders_handbook_2013,
	title = {Handbook of {Computational} {Economics} {Vol}. 3},
	isbn = {978-0-08-093178-4},
	language = {en},
	publisher = {Newnes},
	author = {Schmedders, Karl and Judd, Kenneth L.},
	month = dec,
	year = {2013},
	note = {Google-Books-ID: xDhO6L\_Psp8C},
	keywords = {Business \& Economics / Economics / General, Business \& Economics / Business Mathematics}
}

@article{misra_consumption_2014,
	title = {Consumption, {Income} {Changes}, and {Heterogeneity}: {Evidence} from {Two} {Fiscal} {Stimulus} {Programs}},
	volume = {6},
	number = {4},
	journal = {American Economic Journal: Macroeconomics},
	author = {Misra, Kanishka and Surico, Paolo},
	month = oct,
	year = {2014},
	pages = {84--106},
	file = {Misra and Surico - 2014 - Consumption, Income Changes, and Heterogeneity Ev.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\A5T62FJE\\Misra and Surico - 2014 - Consumption, Income Changes, and Heterogeneity Ev.pdf:application/pdf}
}

@article{zeldes_consumption_1989,
	title = {Consumption and {Liquidity} {Constraints}: {An} {Empirical} {Investigation}},
	volume = {97},
	number = {2},
	journal = {Journal of Political Economy},
	author = {Zeldes, Stephen P.},
	month = apr,
	year = {1989},
	pages = {305--346},
	file = {Zeldes - 1989 - Consumption and Liquidity Constraints An Empirica.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\K72VSV53\\Zeldes - 1989 - Consumption and Liquidity Constraints An Empirica.pdf:application/pdf}
}

@article{reiter_solving_2010,
	series = {Computational {Suite} of {Models} with {Heterogeneous} {Agents}: {Incomplete} {Markets} and {Aggregate} {Uncertainty}},
	title = {Solving the incomplete markets model with aggregate uncertainty by backward induction},
	volume = {34},
	issn = {0165-1889},
	url = {http://www.sciencedirect.com/science/article/pii/S0165188909001304},
	doi = {10.1016/j.jedc.2008.11.009},
	abstract = {This paper describes a method to solve models with a continuum of agents, incomplete markets and aggregate uncertainty. I use backward induction on a finite grid of points in the aggregate state space. The aggregate state includes a small number of statistics (moments) of the cross-sectional distribution of capital. For any given set of moments, agents use a specific cross-sectional distribution, called {\textquotedblleft}proxy distribution{\textquotedblright}, to compute the equilibrium. Information from the steady state distribution as well as from simulations can be used to chose a suitable proxy distribution.},
	number = {1},
	urldate = {2016-09-27},
	journal = {Journal of Economic Dynamics and Control},
	author = {Reiter, Michael},
	month = jan,
	year = {2010},
	keywords = {Heterogeneous agents, Backward induction},
	pages = {28--35},
	file = {Reiter - 2010 - Solving the incomplete markets model with aggregat.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\BHTJ49IX\\Reiter - 2010 - Solving the incomplete markets model with aggregat.pdf:application/pdf}
}

@article{reiter_solving_2009,
	title = {Solving heterogeneous-agent models by projection and perturbation},
	volume = {33},
	issn = {0165-1889},
	url = {http://www.sciencedirect.com/science/article/pii/S0165188908001528},
	doi = {10.1016/j.jedc.2008.08.010},
	number = {3},
	urldate = {2016-09-27},
	journal = {Journal of Economic Dynamics and Control},
	author = {Reiter, Michael},
	month = mar,
	year = {2009},
	keywords = {Projection methods, Heterogeneous agents, Perturbation methods, Invariant distribution},
	pages = {649--665},
	file = {Reiter - 2009 - Solving heterogeneous-agent models by projection a.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\FEUD2634\\Reiter - 2009 - Solving heterogeneous-agent models by projection a.pdf:application/pdf}
}

@article{judd_how_2017,
	title = {How to {Solve} {Dynamic} {Stochastic} {Models} {Computing} {Expectations} {Just} {Once}},
	volume = {8},
	number = {3},
	journal = {Quantitative Economics},
	author = {Judd, Kenneth L. and Maliar, Lilia and Maliar, Serguei},
	month = nov,
	year = {2017},
	file = {Judd m.fl. - 2017 - How to Solve Dynamic Stochastic Models Computing E.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\WC2BU36Q\\WC2BU36Q.pdf:application/pdf}
}

@techreport{la_cava_household_2016,
	type = {{RBA} {Research} {Discussion} {Papers}},
	title = {The {Household} {Cash} {Flow} {Channel} of {Monetary} {Policy}},
	institution = {Reserve Bank of Australia},
	author = {La Cava, Gianni and Hughson, Helen and Kaplan, Greg},
	year = {2016},
	file = {La Cava et al. - 2016 - The household cash flow channel of monetary policy.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\NCYBF88L\\La Cava et al. - 2016 - The household cash flow channel of monetary policy.pdf:application/pdf}
}

@techreport{auclert_intertemporal_2018,
	type = {{NBER} {Working} {Paper} 25020},
	title = {The {Intertemporal} {Keynesian} {Cross}},
	institution = {National Bureau of Economic Research},
	author = {Auclert, Adrien and Rognlie, Matthew and Straub, Ludwig},
	year = {2018},
	file = {Auclert et al. - 2018 - The Intertemporal Keynesian Cross.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\5EZT32PJ\\Auclert et al. - 2018 - The Intertemporal Keynesian Cross.pdf:application/pdf}
}

@article{baker_debt_2018,
	title = {Debt and the {Response} to {Household} {Income} {Shocks}: {Validation} and {Application} of {Linked} {Financial} {Account} {Data}},
	volume = {126},
	issn = {0022-3808},
	shorttitle = {Debt and the {Response} to {Household} {Income} {Shocks}},
	url = {https://www.journals.uchicago.edu/doi/10.1086/698106},
	doi = {10.1086/698106},
	number = {4},
	urldate = {2019-02-15},
	journal = {Journal of Political Economy},
	author = {Baker, Scott R.},
	month = mar,
	year = {2018},
	pages = {1504--1557},
	file = {Baker - 2018 - Debt and the Response to Household Income Shocks .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\WWJ2QG7T\\Baker - 2018 - Debt and the Response to Household Income Shocks .pdf:application/pdf}
}

@article{kreiner_liquidity_2019,
	title = {Liquidity {Constraint} {Tightness} and {Consumer} {Responses} to {Fiscal} {Stimulus} {Policy}},
	volume = {11},
	issn = {1945-7731},
	url = {https://www.aeaweb.org/articles?id=10.1257/pol.20140313},
	doi = {10.1257/pol.20140313},
	language = {en},
	number = {1},
	urldate = {2019-02-15},
	journal = {American Economic Journal: Economic Policy},
	author = {Kreiner, Claus Thustrup and Dreyer Lassen, David and Leth-Petersen, S{\o}ren},
	month = feb,
	year = {2019},
	keywords = {Saving, Household Saving, Life Cycle Models and Saving, Macroeconomics: Consumption, Personal Finance, Intertemporal Household Choice, Wealth, Interest Rates: Determination, Term Structure, and Effects, Fiscal Policy},
	pages = {351--379},
	file = {Kreiner et al. - 2019 - Liquidity Constraint Tightness and Consumer Respon.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\XN5CIX8U\\Kreiner et al. - 2019 - Liquidity Constraint Tightness and Consumer Respon.pdf:application/pdf}
}

@article{aiyagari_uninsured_1994,
	title = {Uninsured {Idiosyncratic} {Risk} and {Aggregate} {Saving}},
	volume = {109},
	issn = {0033-5533},
	url = {https://www.jstor.org/stable/2118417},
	doi = {10.2307/2118417},
	number = {3},
	urldate = {2019-02-15},
	journal = {The Quarterly Journal of Economics},
	author = {Aiyagari, S. Rao},
	year = {1994},
	pages = {659--684},
	file = {Aiyagari - 1994 - Uninsured Idiosyncratic Risk and Aggregate Saving.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\IE4SAVHZ\\Aiyagari - 1994 - Uninsured Idiosyncratic Risk and Aggregate Saving.pdf:application/pdf}
}

@article{browning_household_1996,
	title = {Household {Saving}: {Micro} {Theories} and {Micro} {Facts}},
	volume = {34},
	issn = {0022-0515},
	shorttitle = {Household {Saving}},
	url = {https://www.jstor.org/stable/2729595},
	number = {4},
	urldate = {2019-02-15},
	journal = {Journal of Economic Literature},
	author = {Browning, Martin and Lusardi, Annamaria},
	year = {1996},
	pages = {1797--1855},
	file = {Browning and Lusardi - 1996 - Household Saving Micro Theories and Micro Facts.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\HUVTCXLF\\Browning and Lusardi - 1996 - Household Saving Micro Theories and Micro Facts.pdf:application/pdf}
}

@techreport{floden_household_2020,
	type = {forthcoming in {Economic} {Journal}},
	title = {Household {Debt} and {Monetary} {Policy}: {Revealing} the {Cash}-{Flow} {Channel}},
	author = {Flod{\'e}n, Martin and Kilstr{\"o}m, Matilda and Sigurdsson, Josef and Vestman, Roine},
	year = {2020},
	keywords = {consumption, adjustable rate mortgages, household debt, Monetary policy, variable interest rates},
	file = {Flod{\'e}n et al. - 2018 - Household Debt and Monetary Policy Revealing the .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\7WIW3GQ5\\Flod{\'e}n et al. - 2018 - Household Debt and Monetary Policy Revealing the .pdf:application/pdf}
}

@techreport{druedahl_long-run_2018,
	type = {forthcoming in {Review} of {Economics} and {Statistics}},
	title = {Long-{Run} {Saving} {Dynamics}: {Evidence} from {Unexpected} {Inheritances}},
	author = {Druedahl, Jeppe and Martinello, Alessandro},
	year = {2018}
}

@article{winberry_method_2018,
	title = {A method for solving and estimating heterogeneous agent macro models},
	volume = {9},
	issn = {1759-7323},
	url = {http://qeconomics.org/ojs/index.php/qe/article/view/617},
	abstract = {I develop a computational method for solving and estimating heterogeneous agent macro models with aggregate shocks. The main challenge is that the aggregate state vector contains the distribution of agents, which is typically infinite-dimensional. I approximate the distribution with a flexible parametric family, reducing its dimensionality to a finite set of endogenous parameters, and solve for the dynamics of these endogenous parameters by perturbation. I implement the method in Dynare and show that it is fast, general, and easy to use. As an illustration, I use the method to perform a Bayesian estimation of a heterogeneous firm model with aggregate shocks to neutral and investment-specific productivity. I find that the behavior of investment at the firm level quantitatively shapes inference about the aggregate shock processes, suggesting an important role for micro data in estimating DSGE models.
Heterogeneous agents computational economics estimation lumpy investment C63 E22 E32},
	language = {en},
	number = {3},
	urldate = {2018-11-28},
	journal = {Quantitative Economics},
	author = {Winberry, Thomas},
	month = nov,
	year = {2018},
	pages = {1123--1151--1151},
	file = {Winberry - 2018 - A method for solving and estimating heterogeneous .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\S33EVUYG\\S33EVUYG.pdf:application/pdf}
}

@article{boppart_exploiting_2018,
	series = {Fed {St}. {Louis}-{JEDC}-{SCG}-{SNB}-{UniBern} {Conference}, titled: {\textquotedblleft}{Fiscal} and {Monetary} {Policies}{\textquotedblright}.},
	title = {Exploiting {MIT} shocks in heterogeneous-agent economies: the impulse response as a numerical derivative},
	volume = {89},
	issn = {0165-1889},
	shorttitle = {Exploiting {MIT} shocks in heterogeneous-agent economies},
	url = {http://www.sciencedirect.com/science/article/pii/S0165188918300022},
	doi = {10.1016/j.jedc.2018.01.002},
	urldate = {2018-10-19},
	journal = {Journal of Economic Dynamics and Control},
	author = {Boppart, Timo and Krusell, Per and Mitman, Kurt},
	month = apr,
	year = {2018},
	keywords = {Heterogeneous agents, Computation, Linearization, MIT Shock},
	pages = {68--92},
	file = {Boppart et al. - 2018 - Exploiting MIT shocks in heterogeneous-agent econo.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\R7B5I2V9\\Boppart et al. - 2018 - Exploiting MIT shocks in heterogeneous-agent econo.pdf:application/pdf}
}

@article{kirkby_transition_2017,
	title = {Transition paths for {Bewley}-{Huggett}-{Aiyagari} models: {Comparison} of some solution algorithms},
	shorttitle = {Transition paths for {Bewley}-{Huggett}-{Aiyagari} models},
	author = {Kirkby, Robert},
	year = {2017},
	file = {Kirkby - 2017 - Transition paths for Bewley-Huggett-Aiyagari model.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\LZ4VUNI9\\Kirkby - 2017 - Transition paths for Bewley-Huggett-Aiyagari model.pdf:application/pdf}
}

@article{landvoigt_housing_2017,
	title = {Housing {Demand} {During} the {Boom}: {The} {Role} of {Expectations} and {Credit} {Constraints}},
	volume = {30},
	issn = {0893-9454},
	shorttitle = {Housing {Demand} {During} the {Boom}},
	url = {https://academic.oup.com/rfs/article/30/6/1865/3098497},
	doi = {10.1093/rfs/hhx026},
	language = {en},
	number = {6},
	urldate = {2018-04-20},
	journal = {The Review of Financial Studies},
	author = {Landvoigt, Tim},
	month = jun,
	year = {2017},
	pages = {1865--1902},
	file = {Landvoigt - 2017 - Housing Demand During the Boom The Role of Expect.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\WK3LWL6I\\WK3LWL6I.pdf:application/pdf}
}

@techreport{fernandez-villaverde_practical_2018,
	type = {{NBER} {Working} {Paper} 24561},
	title = {A {Practical} {Guide} to {Parallelization} in {Economics}},
	abstract = {This guide provides a practical introduction to parallel computing in economics. After a brief introduction to the basic ideas of parallelization, we show how to parallelize a prototypical application in economics using, on CPUs, Julia, Matlab, R, Python, C++-OpenMP, Rcpp{\textendash}OpenMP, and C++-MPI, and, on GPUs, CUDA and OpenACC. We provide code that the user can download and fork, present comparative results, and explain the strengths and weaknesses of each approach. We conclude with some additional remarks about alternative approaches.},
	author = {Fern{\'a}ndez-Villaverde, Jes{\'u}s and Valencia, David Zarruk},
	month = apr,
	year = {2018},
	doi = {10.3386/w24561},
	file = {Fern{\'a}ndez-Villaverde og Valencia - 2018 - A Practical Guide to Parallelization in Economics.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\66732WI4\\Fern{\'a}ndez-Villaverde og Valencia - 2018 - A Practical Guide to Parallelization in Economics.pdf:application/pdf}
}

@article{deaton_saving_1991,
	title = {Saving and liquidity constraints},
	volume = {59},
	number = {5},
	journal = {Econometrica},
	author = {Deaton, A},
	year = {1991},
	keywords = {\_tablet},
	pages = {1221--1248},
	file = {Deaton - 1991 - Saving and liquidity constraints.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\CQM6DATD\\Deaton - 1991 - Saving and liquidity constraints.pdf:application/pdf}
}

@article{druedahl_general_2017,
	title = {A general endogenous grid method for multi-dimensional models with non-convexities and constraints},
	volume = {74},
	journal = {Journal of Economic Dynamics and Control},
	author = {Druedahl, Jeppe and J{\o}rgensen, Thomas H{\o}gholm},
	month = jan,
	year = {2017},
	keywords = {Occasionally binding constraints, Endogenous grid method, Continuous and discrete choices, Post-decision states, Stochastic dynamic programming},
	pages = {87--107}
}

@article{challe_precautionary_2015,
	title = {Precautionary saving over the business cycle},
	journal = {The Economic Journal},
	author = {Challe, Edouard and Ragot, Xavier},
	year = {2015},
	file = {Challe and Ragot - 2016 - Precautionary Saving Over the Business Cycle.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\DNAB88EA\\Challe and Ragot - 2016 - Precautionary Saving Over the Business Cycle.pdf:application/pdf}
}

@article{mckay_role_2016,
	title = {The {Role} of {Automatic} {Stabilizers} in the {U}.{S}. {Business} {Cycle}},
	volume = {84},
	number = {1},
	journal = {Econometrica},
	author = {McKay, Alisdair and Reis, Ricardo},
	month = jan,
	year = {2016},
	keywords = {Heterogeneous agents, Countercyclical fiscal policy, fiscal multipliers},
	pages = {141--194},
	file = {McKay and Reis - 2016 - The Role of Automatic Stabilizers in the U.S. Busi.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\BATVZEZJ\\McKay and Reis - 2016 - The Role of Automatic Stabilizers in the U.S. Busi.pdf:application/pdf}
}

@article{kaplan_microeconomic_2018,
	title = {Microeconomic {Heterogeneity} and {Macroeconomic} {Shocks}},
	volume = {32},
	issn = {0895-3309},
	url = {https://www.aeaweb.org/articles?id=10.1257/jep.32.3.167},
	doi = {10.1257/jep.32.3.167},
	language = {en},
	number = {3},
	urldate = {2019-03-20},
	journal = {Journal of Economic Perspectives},
	author = {Kaplan, Greg and Violante, Giovanni L.},
	month = aug,
	year = {2018},
	keywords = {Saving, Keynesian, Post-Keynesian, Macroeconomics: Consumption, Consumer Economics: Theory, General Aggregative Models: Keynes, Cycles, Comparative or Joint Analysis of Fiscal and Monetary Policy, Stabilization, Treasury Policy, Financial Crises, Wealth, Macroeconomics: Production, Business Fluctuations},
	pages = {167--194},
	file = {Kaplan and Violante - 2018 - Microeconomic Heterogeneity and Macroeconomic Shoc.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\I6P9DKA9\\Kaplan and Violante - 2018 - Microeconomic Heterogeneity and Macroeconomic Shoc.pdf:application/pdf}
}

@article{nakamura_identification_2018,
	title = {Identification in {Macroeconomics}},
	volume = {32},
	issn = {0895-3309},
	url = {https://www.aeaweb.org/articles?id=10.1257/jep.32.3.59},
	doi = {10.1257/jep.32.3.59},
	language = {en},
	number = {3},
	urldate = {2019-03-20},
	journal = {Journal of Economic Perspectives},
	author = {Nakamura, Emi and Steinsson, J{\'o}n},
	month = aug,
	year = {2018},
	keywords = {and Effects, Central Banks and Their Policies, Economic Methodology, General Aggregative Models: General, Interest Rates: Determination, Macroeconomics and Monetary Economics: General, Monetary Policy, Term Structure},
	pages = {59--86},
	file = {Nakamura and Steinsson - 2018 - Identification in Macroeconomics.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\GUV45LXR\\Nakamura and Steinsson - 2018 - Identification in Macroeconomics.pdf:application/pdf}
}

@article{caballero_safety_2018,
	title = {The {Safety} {Trap}},
	volume = {85},
	issn = {0034-6527},
	url = {https://academic.oup.com/restud/article/85/1/223/3058503},
	doi = {10.1093/restud/rdx013},
	language = {en},
	number = {1},
	urldate = {2019-03-24},
	journal = {The Review of Economic Studies},
	author = {Caballero, Ricardo J and Farhi, Emmanuel},
	month = jan,
	year = {2018},
	pages = {223--274},
	file = {Caballero and Farhi - 2018 - The Safety Trap.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\FICKR5QM\\Caballero and Farhi - 2018 - The Safety Trap.pdf:application/pdf}
}

@techreport{angeletos_condence_2019,
	type = {Working {Paper}},
	title = {Confidence and the {Propagation} of {Demand} {Shocks}},
	author = {Angeletos, George-Marios and Lian, Chen},
	year = {2019},
	file = {Angeletos and Lian - 2019 - Confidence and the Propagation of Demand Shocks.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\J7XELRN8\\Angeletos and Lian - 2019 - Confidence and the Propagation of Demand Shocks.pdf:application/pdf}
}

@techreport{angeletos_dampening_2017,
	type = {{NBER} {Working} {Paper} 23379},
	title = {Dampening {General} {Equilibrium}: {From} {Micro} to {Macro}},
	author = {Angeletos, George-Marios and Lian, Chen},
	month = may,
	year = {2017},
	doi = {10.3386/w23379},
	file = {Angeletos and Lian - 2017 - Dampening General Equilibrium From Micro to Macro.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\96H5E3VK\\Angeletos and Lian - 2017 - Dampening General Equilibrium From Micro to Macro.pdf:application/pdf}
}

@techreport{guvenen_what_2019,
	type = {forthcoming in {Econometrica}},
	title = {What {Do} {Data} on {Millions} of {U}.{S}. {Workers} {Reveal} about {Life}-{Cycle} {Earnings} {Dynamics}?},
	language = {en},
	author = {Guvenen, Fatih and Karahan, Fatih and Ozkan, Serdar and Song, Jae},
	year = {2019},
	file = {Guvenen et al. - 2019 - What Do Data on Millions of U.S. Workers Reveal ab.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\G68P3PXK\\Guvenen et al. - 2019 - What Do Data on Millions of U.S. Workers Reveal ab.pdf:application/pdf}
}

@article{kaplan_monetary_2018,
	title = {Monetary {Policy} {According} to {HANK}},
	volume = {108},
	number = {3},
	journal = {American Economic Review},
	author = {Kaplan, Greg and Moll, Benjamin and Violante, Giovanni L.},
	month = mar,
	year = {2018},
	keywords = {Saving, Aggregate Human Capital, Aggregate Labor Productivity, Interest Rates: Determination, Term Structure, and Effects, Monetary Policy, Fiscal Policy, Intergenerational Income Distribution, Keynesian, Personal Income, Wealth, and Their Distributions, General Aggregative Models: Keynes, Post-Keynesian, Macroeconomics: Consumption, Unemployment, Wages, Wealth, Employment},
	pages = {697--743},
	file = {Kaplan et al. - 2018 - Monetary Policy According to HANK.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\6K9PFBC5\\Kaplan et al. - 2018 - Monetary Policy According to HANK.pdf:application/pdf}
}

@techreport{druedahl_guide_2020,
	type = {forthcoming in {Computational} {Economics}},
	title = {A {Guide} {On} {Solving} {Non}-{Convex} {Consumption}-{Saving} {Models}},
	author = {Druedahl, Jeppe},
	year = {2020}
}

@techreport{hagedorn_fiscal_2019,
	type = {{NBER} {Working} {Paper} 25571},
	title = {The {Fiscal} {Multiplier}},
	institution = {National Bureau of Economic Research},
	author = {Hagedorn, Marcus and Manovskii, Iourii and Mitman, Kurt},
	month = feb,
	year = {2019},
	file = {Hagedorn et al. - 2019 - The Fiscal Multiplier.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\NE2VIA7H\\Hagedorn et al. - 2019 - The Fiscal Multiplier.pdf:application/pdf}
}

@article{tauchen_finite_1986,
	title = {Finite state markov-chain approximations to univariate and vector autoregressions},
	volume = {20},
	issn = {0165-1765},
	url = {http://www.sciencedirect.com/science/article/pii/0165176586901680},
	doi = {10.1016/0165-1765(86)90168-0},
	abstract = {The paper develops a procedure for finding a discrete-valued Markov chain whose sample paths approximate well those of a vector autoregression. The procedure has applications in those areas of economics, finance, and econometrics where approximate solutions to integral equations are required.},
	number = {2},
	urldate = {2019-07-16},
	journal = {Economics Letters},
	author = {Tauchen, George},
	month = jan,
	year = {1986},
	pages = {177--181},
	file = {Tauchen - 1986 - Finite state markov-chain approximations to univar.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\Y6DVSQ3W\\Tauchen - 1986 - Finite state markov-chain approximations to univar.pdf:application/pdf}
}

@article{bayer_precautionary_2019,
	title = {Precautionary {Savings}, {Illiquid} {Assets}, and the {Aggregate} {Consequences} of {Shocks} to {Household} {Income} {Risk}},
	volume = {87},
	copyright = {{\textcopyright} 2019 The Econometric Society},
	issn = {1468-0262},
	url = {https://onlinelibrary.wiley.com/doi/abs/10.3982/ECTA13601},
	doi = {10.3982/ECTA13601},
	language = {en},
	number = {1},
	urldate = {2019-08-13},
	journal = {Econometrica},
	author = {Bayer, Christian and Luetticke, Ralph and Pham-Dao, Lien and Tjaden, Volker},
	year = {2019},
	keywords = {Incomplete markets, nominal rigidities, uncertain shocks, uncertainty shocks},
	pages = {255--290},
	file = {Bayer et al. - 2019 - Precautionary Savings, Illiquid Assets, and the Ag.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\6XILEXFN\\Bayer et al. - 2019 - Precautionary Savings, Illiquid Assets, and the Ag.pdf:application/pdf}
}

@article{auclert_monetary_2019,
	title = {Monetary {Policy} and the {Redistribution} {Channel}},
	volume = {109},
	issn = {0002-8282},
	url = {https://www.aeaweb.org/articles?id=10.1257/aer.20160137},
	doi = {10.1257/aer.20160137},
	abstract = {This paper evaluates the role of redistribution in the transmission mechanism of monetary policy to consumption. Three channels affect aggregate spending when winners and losers have different marginal propensities to consume: an earnings heterogeneity channel from unequal income gains, a Fisher channel from unexpected inflation, and an interest rate exposure channel from real interest rate changes. Sufficient statistics from Italian and US data suggest that all three channels are likely to amplify the effects of monetary policy.},
	language = {en},
	number = {6},
	urldate = {2019-08-19},
	journal = {American Economic Review},
	author = {Auclert, Adrien},
	month = jun,
	year = {2019},
	keywords = {Saving, Inflation, Deflation, Interest Rates: Determination, Term Structure, and Effects, Monetary Policy, Macroeconomics: Consumption, Wealth, Price Level},
	pages = {2333--2367},
	file = {Auclert - 2019 - Monetary Policy and the Redistribution Channel.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\WH5GW46E\\Auclert - 2019 - Monetary Policy and the Redistribution Channel.pdf:application/pdf}
}

@article{kueng_excess_2018,
	title = {Excess {Sensitivity} of {High}-{Income} {Consumers}},
	volume = {133},
	issn = {0033-5533},
	url = {https://academic.oup.com/qje/article/133/4/1693/5036538},
	doi = {10.1093/qje/qjy014},
	abstract = {Abstract.  Using new transaction data, I find considerable deviations from consumption smoothing in response to large, regular, predetermined, and salient payme},
	language = {en},
	number = {4},
	urldate = {2019-08-22},
	journal = {The Quarterly Journal of Economics},
	author = {Kueng, Lorenz},
	month = nov,
	year = {2018},
	pages = {1693--1751},
	file = {Kueng - 2018 - Excess Sensitivity of High-Income Consumers.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\K5PLETVL\\Kueng - 2018 - Excess Sensitivity of High-Income Consumers.pdf:application/pdf}
}

@article{oh_targeted_2012,
	title = {Targeted {Transfers} and the {Fiscal} {Response} to the {Great} {Recession}},
	volume = {59},
	journal = {Journal of Monetary Economics},
	author = {Oh, Hyunseung and Reis, Ricardo},
	month = dec,
	year = {2012},
	pages = {S50--S64},
	file = {Oh and Reis - 2012 - Targeted transfers and the fiscal response to the .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\A8HKJNL6\\Oh and Reis - 2012 - Targeted transfers and the fiscal response to the .pdf:application/pdf}
}

@article{guerrieri_credit_2017,
	title = {Credit {Crises}, {Precautionary} {Savings}, and the {Liquidity} {Trap}},
	volume = {132},
	number = {3},
	journal = {The Quarterly Journal of Economics},
	author = {Guerrieri, Veronica and Lorenzoni, Guido},
	month = aug,
	year = {2017},
	pages = {1427--1467},
	file = {Guerrieri and Lorenzoni - 2017 - Credit Crises, Precautionary Savings, and the Liqu.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\87IRHRD8\\Guerrieri and Lorenzoni - 2017 - Credit Crises, Precautionary Savings, and the Liqu.pdf:application/pdf}
}

@article{hagedorn_forward_2019,
	title = {Forward guidance},
	volume = {102},
	journal = {Journal of Monetary Economics},
	author = {Hagedorn, Marcus and Luo, Jinfeng and Manovskii, Iourii and Mitman, Kurt},
	month = apr,
	year = {2019},
	keywords = {Incomplete markets, Liquidity trap, Forward guidance},
	pages = {1--23},
	file = {Hagedorn et al. - 2019 - Forward guidance.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\J5DTGUQK\\Hagedorn et al. - 2019 - Forward guidance.pdf:application/pdf}
}

@article{mckay_power_2016,
	title = {The {Power} of {Forward} {Guidance} {Revisited}},
	volume = {106},
	number = {10},
	journal = {American Economic Review},
	author = {McKay, Alisdair and Nakamura, Emi and Steinsson, J{\'o}n},
	month = oct,
	year = {2016},
	keywords = {Saving, Macroeconomics: Consumption, Wealth, Money and Interest Rates: General, Monetary Policy, Central Banking, and the Supply of Money and Credit: General},
	pages = {3133--3158},
	file = {McKay et al. - 2016 - The Power of Forward Guidance Revisited.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\G2RLG75R\\McKay et al. - 2016 - The Power of Forward Guidance Revisited.pdf:application/pdf}
}

@article{angeletos_forward_2018,
	title = {Forward {Guidance} without {Common} {Knowledge}},
	volume = {108},
	issn = {0002-8282},
	url = {https://pubs.aeaweb.org/doi/10.1257/aer.20161996},
	doi = {10.1257/aer.20161996},
	language = {en},
	number = {9},
	urldate = {2019-11-19},
	journal = {American Economic Review},
	author = {Angeletos, George-Marios and Lian, Chen},
	month = sep,
	year = {2018},
	keywords = {Keynesian, Learning, Asymmetric and Private Information, Belief, Communication, Information and Knowledge, Mechanism Design, Search, Post-Keynesian, Macroeconomics: Production, Monetary Policy, Fiscal Policy, Speculations, General Aggregative Models: Keynes, Unawareness, Expectations},
	pages = {2477--2512},
	file = {Angeletos and Lian - 2018 - Forward Guidance without Common Knowledge.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\XAXGXJFX\\Angeletos and Lian - 2018 - Forward Guidance without Common Knowledge.pdf:application/pdf}
}

@article{farhi_monetary_2019,
	title = {Monetary {Policy}, {Bounded} {Rationality}, and {Incomplete} {Markets}},
	volume = {109},
	issn = {0002-8282},
	url = {https://pubs.aeaweb.org/doi/10.1257/aer.20171400},
	doi = {10.1257/aer.20171400},
	language = {en},
	number = {11},
	urldate = {2019-11-19},
	journal = {American Economic Review},
	author = {Farhi, Emmanuel and Werning, Iv{\'a}n},
	month = nov,
	year = {2019},
	pages = {3887--3928},
	file = {Farhi and Werning - 2019 - Monetary Policy, Bounded Rationality, and Incomple.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\EESHHDAY\\Farhi and Werning - 2019 - Monetary Policy, Bounded Rationality, and Incomple.pdf:application/pdf}
}

@article{kaplan_housing_2019,
	title = {The {Housing} {Boom} and {Bust}: {Model} {Meets} {Evidence}},
	language = {en},
	journal = {Journal of Political Economy},
	author = {Kaplan, Greg and Mitman, Kurt and Violante, Giovanni L},
	year = {2019},
	pages = {89},
	file = {Kaplan et al. - 2019 - The Housing Boom and Bust Model Meets Evidence.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\M6G99THP\\Kaplan et al. - 2019 - The Housing Boom and Bust Model Meets Evidence.pdf:application/pdf}
}

@article{beaudry_putting_2020,
	title = {Putting the {Cycle} {Back} into {Business} {Cycle} {Analysis}},
	volume = {110},
	number = {1},
	journal = {American Economic Review},
	author = {Beaudry, Paul and Galizia, Dana and Portier, Franck},
	month = jan,
	year = {2020},
	keywords = {Aggregate Human Capital, Intergenerational Income Distribution, Unemployment, Wages, Aggregate Labor Productivity, Business Fluctuations, Capital, Intangible Capital, Investment, Capacity, Employment, Cycles, Financial Markets and the Macroeconomy},
	pages = {1--47},
	file = {Beaudry et al. - 2020 - Putting the Cycle Back into Business Cycle Analysi.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\V52BCZIQ\\Beaudry et al. - 2020 - Putting the Cycle Back into Business Cycle Analysi.pdf:application/pdf}
}

@article{aiyagari_optimum_1998,
	title = {The optimum quantity of debt},
	volume = {42},
	issn = {0304-3932},
	url = {http://www.sciencedirect.com/science/article/pii/S0304393298000312},
	doi = {10.1016/S0304-3932(98)00031-2},
	abstract = {We find that the welfare gains to being at the optimum quantity of debt rather than the current US level are small, and, therefore, concerns regarding the high level of debt in the US economy may be misplaced. This finding is based on a model of a large number of infinitely lived households whose saving behavior is influenced by precautionary saving motives and borrowing constraints. This model incorporates a different role for government debt than is found in standard models, and it captures different cost{\textendash}benefit trade-offs. On the benefit side, government debt enhances the liquidity of households by providing an additional means of smoothing consumption and by effectively loosening borrowing constraints. On the cost side, the implied taxes have adverse wealth distribution and incentive effects. In addition, government debt crowds out capital via higher interest rates and lowers per capita consumption.},
	language = {en},
	number = {3},
	urldate = {2020-01-08},
	journal = {Journal of Monetary Economics},
	author = {Aiyagari, S. Rao and McGrattan, Ellen R.},
	month = oct,
	year = {1998},
	keywords = {Precautionary saving, Borrowing constraints, Government debt},
	pages = {447--469},
	file = {Aiyagari and McGrattan - 1998 - The optimum quantity of debt.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\HVWVHKGB\\Aiyagari and McGrattan - 1998 - The optimum quantity of debt.pdf:application/pdf}
}

@techreport{egger_general_2019,
	type = {Working {Paper}},
	title = {General {Equilibrium} {Effects} of {Cash} {Transfers}: {Experimental} {Evidence} from {Kenya}},
	shorttitle = {General {Equilibrium} {Effects} of {Cash} {Transfers}},
	url = {http://www.nber.org/papers/w26600},
	number = {26600},
	urldate = {2020-01-26},
	institution = {National Bureau of Economic Research},
	author = {Egger, Dennis and Haushofer, Johannes and Miguel, Edward and Niehaus, Paul and Walker, Michael W},
	month = dec,
	year = {2019},
	doi = {10.3386/w26600},
	file = {Egger et al. - 2019 - General Equilibrium Effects of Cash Transfers Exp.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\RP8VLQNN\\Egger et al. - 2019 - General Equilibrium Effects of Cash Transfers Exp.pdf:application/pdf}
}

@techreport{auclert_micro_2020,
	type = {{NBER} {Working} {Paper} 26647},
	title = {Micro {Jumps}, {Macro} {Humps}: {Monetary} {Policy} and {Business} {Cycles} in an {Estimated} {HANK} {Model}},
	author = {Auclert, Adrien and Rognlie, Matthew and Straub, Ludwig},
	year = {2020},
	file = {Auclert et al. - 2020 - Micro Jumps, Macro Humps Monetary Policy and Busi.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\6IL6BRHY\\Auclert et al. - 2020 - Micro Jumps, Macro Humps Monetary Policy and Busi.pdf:application/pdf}
}

@techreport{farmer_importance_2019,
	type = {{NBER} {Working} {Paper} 26557},
	title = {The {Importance} of {Beliefs} in {Shaping} {Macroeconomic} {Outcomes}},
	url = {http://www.nber.org/papers/w26557},
	urldate = {2020-01-26},
	institution = {National Bureau of Economic Research},
	author = {Farmer, Roger},
	month = dec,
	year = {2019},
	doi = {10.3386/w26557},
	file = {Farmer - 2019 - The Importance of Beliefs in Shaping Macroeconomic.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\N96DRN3S\\Farmer - 2019 - The Importance of Beliefs in Shaping Macroeconomic.pdf:application/pdf}
}

@article{ahn_when_2018,
	title = {When {Inequality} {Matters} for {Macro} and {Macro} {Matters} for {Inequality}},
	volume = {32},
	issn = {0889-3365},
	url = {https://www.journals.uchicago.edu/doi/abs/10.1086/696046},
	doi = {10.1086/696046},
	abstract = {We develop an efficient and easy to use computational method for solving a wide class of general equilibrium heterogeneous agent models with aggregate shocks together with an open source suite of codes that implement our algorithms in an easy to use toolbox. Our method extends standard linearization techniques and is designed to work in cases when inequality matters for the dynamics of macroeconomic aggregates. We present two applications that analyze a two asset incomplete markets model parameterized to match the distribution of income, wealth, and marginal propensities to consume. First, we show that our model is consistent with two key features of aggregate consumption dynamics that are difficult to match with representative agent models: (1) the sensitivity of aggregate consumption to predictable changes in aggregate income, and (2) the relative smoothness of aggregate consumption. Second, we extend the model to feature capital-skill complementarity and show how factor-specific productivity shocks shape dynamics of income and consumption inequality.},
	urldate = {2020-01-28},
	journal = {NBER Macroeconomics Annual},
	author = {Ahn, SeHyoun and Kaplan, Greg and Moll, Benjamin and Winberry, Thomas and Wolf, Christian},
	month = apr,
	year = {2018},
	pages = {1--75},
	file = {Ahn et al. - 2017 - When Inequality Matters for Macro and Macro Matter.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\9T38DCD3\\Ahn et al. - 2017 - When Inequality Matters for Macro and Macro Matter.pdf:application/pdf}
}

@techreport{holm_transmission_2020,
	type = {forthcoming in {Journal} of {Political} {Economy}},
	title = {The {Transmission} of {Monetary} {Policy} under the {Microscope} a},
	author = {Holm, Martin Blomhoff and Paul, Pascal},
	year = {2020},
	file = {Holm and Paul - 2020 - The Transmission of Monetary Policy under the Micr.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\WL9D6QLX\\Holm and Paul - 2020 - The Transmission of Monetary Policy under the Micr.pdf:application/pdf}
}

@book{pistaferri_economics_2017,
	title = {The {Economics} of {Consumption}},
	publisher = {Oxford University Press},
	author = {Pistaferri, Luigi},
	year = {2017}
}

@techreport{carroll_theoretical_2020,
	type = {forthcoming in {Quantitative} {Economics}},
	title = {Theoretical {Foundations} of {Buffer} {Stock} {Saving}},
	author = {Carroll, Christopher D.},
	year = {2020},
	keywords = {\_tablet},
	file = {Carroll - 2020 - Theoretical Foundations of Buffer Stock Saving.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\PBGYLH2C\\Carroll - 2020 - Theoretical Foundations of Buffer Stock Saving.pdf:application/pdf}
}

@article{blundell_consumption_2016,
	title = {Consumption {Inequality} and {Family} {Labor} {Supply}},
	volume = {106},
	number = {2},
	journal = {American Economic Review},
	author = {Blundell, Richard and Pistaferri, Luigi and Saporta-Eksten, Itay},
	month = feb,
	year = {2016},
	pages = {387--435},
	file = {Blundell et al. - 2016 - Consumption Inequality and Family Labor Supply.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\2BLMDRH2\\Blundell et al. - 2016 - Consumption Inequality and Family Labor Supply.pdf:application/pdf}
}

@incollection{bewley_stationary_1986,
	address = {Amsterdam},
	title = {Stationary {Monetary} {Equilibrium} with a {Continuum} of {Independently} {Fluctuating} {Consumers}},
	booktitle = {Contributions to {Mathematical} {Economics} in {Honor} of {Gerad} {Debreu}},
	publisher = {North-Holland},
	author = {Bewley, Truman},
	editor = {Hildenbrand, Werner and Mas-Collel, Andreu},
	year = {1986}
}

@techreport{guvenen_macroeconomics_2011,
	type = {{NBER} {Working} {Paper} 17622},
	title = {Macroeconomics {With} {Heterogeneity}: {A} {Practical} {Guide}},
	urldate = {2020-03-09},
	author = {Guvenen, Fatih},
	year = {2011},
	doi = {10.3386/w17622},
	file = {Guvenen - 2011 - Macroeconomics With Heterogeneity A Practical Gui.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\IJZUJJDV\\Guvenen - 2011 - Macroeconomics With Heterogeneity A Practical Gui.pdf:application/pdf}
}

@article{imrohoroglu_cost_1989,
	title = {Cost of {Business} {Cycles} with {Indivisibilities} and {Liquidity} {Constraints}},
	volume = {97},
	issn = {0022-3808},
	url = {https://www.journals.uchicago.edu/doi/abs/10.1086/261658},
	doi = {10.1086/261658},
	abstract = {It is almost universally agreed that individuals face incomplete insurance markets and cannot perfectly insure against the idiosyncratic risk. In this paper simple general equilibrium models with incomplete insurance markets are examined in order to assess the impact of imperfect insurance on the magnitude of the welfare costs of business cycles. Two versions of incomplete insurance markets are considered, and certain statistical properties of the equilibrium stochastic processes in these environments are compared with those of a perfect insurance economy.},
	number = {6},
	urldate = {2020-03-09},
	journal = {Journal of Political Economy},
	author = {Imrohoro{\u g}lu, Ay{\c s}e},
	month = dec,
	year = {1989},
	pages = {1364--1383},
	file = {Imrohoro{\u g}lu - 1989 - Cost of Business Cycles with Indivisibilities and .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\7C5CMTA4\\Imrohoro{\u g}lu - 1989 - Cost of Business Cycles with Indivisibilities and .pdf:application/pdf}
}

@article{carroll_distribution_2017,
	title = {The distribution of wealth and the marginal propensity to consume},
	volume = {8},
	copyright = {Copyright {\textcopyright} 2017 The Authors.},
	issn = {1759-7331},
	url = {https://onlinelibrary.wiley.com/doi/abs/10.3982/QE694},
	doi = {10.3982/QE694},
	abstract = {In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in the United States. The heterogeneity-augmented model's predictions are consistent with microeconomic evidence that suggests that the annual marginal propensity to consume (MPC) is much larger than the roughly 0.04 implied by commonly used macroeconomic models (even ones including some heterogeneity). The high MPC arises because many consumers hold little wealth despite having a strong precautionary motive. Our model also plausibly predicts that the aggregate MPC can differ greatly depending on how the shock is distributed across households (depending, e.g., on their wealth, or employment status).},
	language = {en},
	number = {3},
	urldate = {2020-03-09},
	journal = {Quantitative Economics},
	author = {Carroll, Christopher and Slacalek, Jiri and Tokuoka, Kiichi and White, Matthew N.},
	year = {2017},
	keywords = {D91, inequality, E21, D12, Wealth distribution, D31, heterogeneity, marginal propensity to consume},
	pages = {977--1020},
	file = {Carroll et al. - 2017 - The distribution of wealth and the marginal propen.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\ZHEIYCBB\\Carroll et al. - 2017 - The distribution of wealth and the marginal propen.pdf:application/pdf}
}

@techreport{carroll_sticky_2019,
	type = {Working {Paper}},
	title = {Sticky {Expectations} and {Consumption} {Dynamics}},
	author = {Carroll, Christopher and Crawley, Edmund and Slacalek, Jiri and Tokuoka, Kiichi and White, Matthew},
	year = {2019},
	doi = {10.3386/w24377},
	file = {Carroll et al. - 2019 - Sticky Expectations and Consumption Dynamics.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\UKQRD5ES\\Carroll et al. - 2019 - Sticky Expectations and Consumption Dynamics.pdf:application/pdf}
}

@techreport{bayer_shocks_2020,
	type = {Working {Paper}},
	title = {Shocks, {Frictions}, and {Inequality}},
	author = {Bayer, Christian and Born, Benjamin and Luetticke, Ralph},
	year = {2020},
	file = {Bayer et al. - 2020 - Shocks, Frictions, and Inequality.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\SHCPRILQ\\Bayer et al. - 2020 - Shocks, Frictions, and Inequality.pdf:application/pdf}
}

@techreport{bilbiie_capital_2020,
	type = {Working {Paper}},
	title = {Capital, {Income} {Inequality}, and {Consumption}: the {Missing} {Link}},
	author = {Bilbiie, Florin O and K{\"a}nzig, Diego R and Surico, Paolo},
	year = {2020},
	file = {Bilbiie et al. - 2020 - Capital, Income Inequality, and Consumption the M.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\RGZELE8B\\Bilbiie et al. - 2020 - Capital, Income Inequality, and Consumption the M.pdf:application/pdf}
}

@techreport{bilbiie_monetary_2019,
	type = {Working {Paper}},
	title = {Monetary {Policy} and {Heterogeneity}: {An} {Analytical} {Framework}},
	author = {Bilbiie, Florin O},
	year = {2019},
	file = {Bilbiie - 2019 - Monetary Policy and Heterogeneity An Analytical F.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\W8X5YTKA\\Bilbiie - 2019 - Monetary Policy and Heterogeneity An Analytical F.pdf:application/pdf}
}

@techreport{fernandez-villaverde_financial_2020,
	type = {Working {Paper}},
	title = {Financial {Frictions} and the {Wealth} {Distribution}},
	author = {Fernandez-Villaverde, Jesus and Hurtado, Samuel and Nuno, Galo},
	year = {2020},
	file = {Fernandez-Villaverde et al. - 2020 - Financial Frictions and the Wealth Distribution.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\MBMHH3ZA\\MBMHH3ZA.pdf:application/pdf}
}

@techreport{gornemann_doves_2016,
	title = {Doves for the {Rich}, {Hawks} for the {Poor}? {Distributional} {Consequences} of {Monetary} {Policy}},
	author = {Gornemann, Nils and Kuester, Keith and Nakajima, Makoto},
	month = may,
	year = {2016},
	file = {Gornemann et al. - 2016 - Doves for the Rich, Hawks for the Poor Distributi.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\4ZZSPHM4\\Gornemann et al. - 2016 - Doves for the Rich, Hawks for the Poor Distributi.pdf:application/pdf}
}

@article{bilbiie_new_2019,
	title = {The {New} {Keynesian} cross},
	volume = {forthcoming},
	abstract = {The New Keynesian (NK) cross is a graphical and analytical apparatus for heterogeneous-agent (HANK) models expressing key aggregate demand objects{\textemdash}MPC and multipliers{\textemdash}as functions of heterogeneity parameters. It affords analytical insights into monetary, fiscal, and forward guidance multipliers, and replicates the aggregate implications of quantitative HANK. The key parameter{\textemdash}the constrained agents{\textquoteright} income elasticity to aggregate income{\textemdash}depends on fiscal redistribution: when it is larger (smaller) than one, the effects of policies and shocks are amplified (dampened). With uninsurable idiosyncratic uncertainty, this translates intertemporally{\textemdash}through compounding (discounting) in the aggregate Euler equation{\textemdash}into further amplification (dampening) of future shocks.},
	journal = {Journal of Monetary Economics},
	author = {Bilbiie, Florin O.},
	year = {2019},
	keywords = {Heterogeneity, Redistribution, Monetary policy, Aggregate demand, Forward guidance, Fiscal multipliers, Hand-to-mouth, HANK, Keynesian cross, TANK},
	file = {Bilbiie - 2019 - The New Keynesian cross.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\SJVZZKLT\\Bilbiie - 2019 - The New Keynesian cross.pdf:application/pdf}
}

@techreport{debortoli_monetary_2018,
	type = {Working {Paper}},
	title = {Monetary {Policy} with {Heterogeneous} {Agents}: {Insights} from {TANK} models},
	author = {Debortoli, Davide and Gal{\'i}, Jordi},
	year = {2018},
	file = {Debortoli and Gal{\'i} - 2018 - Monetary Policy with Heterogeneous Agents Insight.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\PUA3NBXR\\PUA3NBXR.pdf:application/pdf}
}

@techreport{werning_incomplete_2015,
	type = {{NBER} {Working} {Paper} 21448},
	title = {Incomplete {Markets} and {Aggregate} {Demand}},
	author = {Werning, Iv{\'a}n},
	month = aug,
	year = {2015},
	doi = {10.3386/w21448},
	file = {Werning - 2015 - Incomplete Markets and Aggregate Demand.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\YC7VU93J\\Werning - 2015 - Incomplete Markets and Aggregate Demand.pdf:application/pdf}
}

@article{bilbiie_limited_2008,
	title = {Limited asset markets participation, monetary policy and (inverted) aggregate demand logic},
	volume = {140},
	number = {1},
	journal = {Journal of Economic Theory},
	author = {Bilbiie, Florin O.},
	month = may,
	year = {2008},
	keywords = {Dynamic general equilibrium, Aggregate demand, Taylor principle, Limited asset markets participation, Optimal monetary policy, Real (in)determinacy},
	pages = {162--196},
	file = {Bilbiie - 2008 - Limited asset markets participation, monetary poli.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\8JF6FI8V\\Bilbiie - 2008 - Limited asset markets participation, monetary poli.pdf:application/pdf}
}

@article{broer_new_2020,
	title = {The {New} {Keynesian} {Transmission} {Mechanism}: {A} {Heterogeneous}-{Agent} {Perspective}},
	volume = {87},
	number = {1},
	journal = {The Review of Economic Studies},
	author = {Broer, Tobias and Harbo Hansen, Niels-Jakob and Krusell, Per and {\"O}berg, Erik},
	month = jan,
	year = {2020},
	pages = {77--101},
	file = {Broer et al. - 2020 - The New Keynesian Transmission Mechanism A Hetero.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\JSNZHKZK\\Broer et al. - 2020 - The New Keynesian Transmission Mechanism A Hetero.pdf:application/pdf}
}

@techreport{acharya_understanding_2020,
	type = {forthcoming in {Econometrica}},
	title = {Understanding {HANK}: {Insights} from a {PRANK}},
	author = {Acharya, Sushant and Dogra, Keshav},
	year = {2020},
	file = {Acharya and Dogra - 2020 - Understanding HANK Insights from a PRANK.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\EMABKFEP\\EMABKFEP.pdf:application/pdf}
}

@article{challe_precautionary_2017,
	title = {Precautionary saving and aggregate demand},
	volume = {8},
	number = {2},
	journal = {Quantitative Economics},
	author = {Challe, Edouard and Matheron, Julien and Ragot, Xavier and Rubio-Ramirez, Juan F.},
	year = {2017},
	keywords = {E21, Bayesian estimation, DSGE, E52, C32, E12, heterogenous agents, incomplete insurance},
	pages = {435--478},
	file = {Challe et al. - 2017 - Precautionary saving and aggregate demand.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\Y9LDZIUC\\Y9LDZIUC.pdf:application/pdf}
}

@techreport{auclert_inequality_2020,
	type = {Working {Paper}},
	title = {Inequality and {Aggregate} {Demand}},
	author = {Auclert, Adrien and Rognlie, Matthew},
	year = {2020},
	file = {Auclert and Rognlie - 2020 - Inequality and Aggregate Demand.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\2FN2IHLP\\Auclert and Rognlie - 2020 - Inequality and Aggregate Demand.pdf:application/pdf}
}

@article{ravn_job_2017,
	title = {Job uncertainty and deep recessions},
	volume = {90},
	abstract = {We study a model where households are subject to uninsurable unemployment risk, price setting is subject to nominal rigidities, and the labor market is characterized by matching frictions and inflexible wages. Higher risk of job loss and worsening job finding prospects during unemployment depress goods demand because of a precautionary savings motive. Lower goods demand reduces job vacancies and the job finding rate producing an amplification mechanism due to endogenous countercyclical income risk. Amplification derives from the combination of incomplete financial markets and frictional goods and labor markets. The model can account for key features of the Great Recession.},
	journal = {Journal of Monetary Economics},
	author = {Ravn, Morten O. and Sterk, Vincent},
	month = oct,
	year = {2017},
	keywords = {Unemployment, Amplification, Endogenous countercyclical income risk, Job uncertainty},
	pages = {125--141},
	file = {Ravn and Sterk - 2017 - Job uncertainty and deep recessions.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\UJIGKLW9\\Ravn and Sterk - 2017 - Job uncertainty and deep recessions.pdf:application/pdf}
}

@techreport{azinovic_deep_2019,
	type = {Working {Paper}},
	title = {Deep {Equilibrium} {Nets}},
	author = {Azinovic, Marlon and Gaegauf, Luca and Scheidegger, Simon},
	year = {2019},
	keywords = {overlapping generations, computational economics, deep learning, deep neural networks, global solution method, life-cycle, occasionally binding constraints},
	file = {Azinovic et al. - 2019 - Deep Equilibrium Nets.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\8FXI6E9R\\Azinovic et al. - 2019 - Deep Equilibrium Nets.pdf:application/pdf}
}

@techreport{kubler_self-justied_2018,
	type = {Working {Paper}},
	title = {Self-justied equilibria: {Existence} and computation},
	language = {en},
	author = {Kubler, Felix and Scheidegger, Simon},
	year = {2018},
	file = {Kubler and Scheidegger - 2018 - Self-justied equilibria Existence and computation.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\LRAUPBS4\\Kubler and Scheidegger - 2018 - Self-justied equilibria Existence and computation.pdf:application/pdf}
}

@techreport{maliar_will_2019,
	type = {Working {Paper}},
	title = {Will {Artificial} {Intelligence} {Replace} {Computational} {Economists} {Any} {Time} {Soon}?},
	author = {Maliar, Lilia and Maliar, Serguei and Winant, Pablo},
	year = {2019},
	keywords = {Bellman equation, Dynamic programming, Dynamic Models, Machine Learning, deep learning, artificial intelligence, Euler Equation, neural network, stochastic gradient, value function},
	file = {Maliar et al. - 2019 - Will Artificial Intelligence Replace Computational.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\EBLCP3Z8\\EBLCP3Z8.pdf:application/pdf}
}

@techreport{prohl_approximating_2019,
	type = {Working {Paper}},
	title = {Approximating {Equilibria} with {Ex}-{Post} {Heterogeneity} and {Aggregate} {Risk}},
	author = {Pr{\"o}hl, Elisabeth},
	year = {2019},
	file = {Pr{\"o}hl - 2019 - Approximating Equilibria with Ex-Post Heterogeneit.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\EVESJDNH\\EVESJDNH.pdf:application/pdf}
}

@article{scheidegger_machine_2019,
	title = {Machine learning for high-dimensional dynamic stochastic economies},
	volume = {33},
	journal = {Journal of Computational Science},
	author = {Scheidegger, Simon and Bilionis, Ilias},
	month = apr,
	year = {2019},
	keywords = {Dynamic programming, Machine Learning, Active subspaces, Bayesian Gaussian mixture models, Gaussian processes, Neoclassical growth, Parallel computing},
	pages = {68--82},
	file = {Scheidegger and Bilionis - 2019 - Machine learning for high-dimensional dynamic stoc.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\BT4RKGQA\\Scheidegger and Bilionis - 2019 - Machine learning for high-dimensional dynamic stoc.pdf:application/pdf}
}

@article{coibion_innocent_2017,
	title = {Innocent {Bystanders}? {Monetary} policy and inequality},
	volume = {88},
	journal = {Journal of Monetary Economics},
	author = {Coibion, Olivier and Gorodnichenko, Yuriy and Kueng, Lorenz and Silvia, John},
	month = jun,
	year = {2017},
	keywords = {Income inequality, Monetary policy, Consumption inequality},
	pages = {70--89},
	file = {Coibion et al. - 2017 - Innocent Bystanders Monetary policy and inequalit.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\B36J4X6F\\Coibion et al. - 2017 - Innocent Bystanders Monetary policy and inequalit.pdf:application/pdf}
}

@techreport{wolf_missing_2020,
	type = {Working {Paper}},
	title = {The {Missing} {Intercept}: {A} {Demand} {Equivalence} {Approach}},
	language = {en},
	author = {Wolf, Christian K},
	year = {2020},
	file = {Wolf - 2020 - The Missing Intercept A Demand Equivalence Approa.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\VTW8ATZ5\\Wolf - 2020 - The Missing Intercept A Demand Equivalence Approa.pdf:application/pdf}
}

@article{pagel_expectations-based_2017,
	title = {Expectations-{Based} {Reference}-{Dependent} {Life}-{Cycle} {Consumption}},
	volume = {84},
	issn = {0034-6527},
	url = {https://academic.oup.com/restud/article/84/2/885/2929387},
	doi = {10.1093/restud/rdx003},
	abstract = {This study incorporates a recent preference specification of expectations-based loss aversion, which has been applied broadly in microeconomics, into a classic},
	language = {en},
	number = {2},
	urldate = {2020-03-29},
	journal = {The Review of Economic Studies},
	author = {Pagel, Michaela},
	month = apr,
	year = {2017},
	pages = {885--934},
	file = {Pagel - 2017 - Expectations-Based Reference-Dependent Life-Cycle .pdf:C\:\\Users\\gmf123\\Zotero\\storage\\VFNHWWIU\\Pagel - 2017 - Expectations-Based Reference-Dependent Life-Cycle .pdf:application/pdf}
}

@techreport{moran_temptation_2019,
	type = {{NBER} {Working} {Paper}},
	title = {Temptation and commitment: understanding the demand for illiquidity},
	author = {Moran, Patrick and Kovacs, Agnes},
	month = jul,
	year = {2019},
	file = {Moran and Kovacs - 2019 - Temptation and commitment understanding the deman.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\EIQMHWRP\\Moran and Kovacs - 2019 - Temptation and commitment understanding the deman.pdf:application/pdf}
}

@article{jorgensen_sensitivity_2020,
	title = {Sensitivity to {Calibrated} {Parameters}},
	language = {en},
	author = {J{\o}rgensen, Thomas H},
	year = {2020},
	file = {J{\o}rgensen - Sensitivity to Calibrated Parameters.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\N7BLPY4H\\J{\o}rgensen - Sensitivity to Calibrated Parameters.pdf:application/pdf}
}

@article{honore_informativeness_2020,
	title = {The {Informativeness} of {Estimation} {Moments}},
	author = {Honore, Bo and Jorgensen, Thomas and de Paula, Aureo},
	year = {2020},
	note = {arXiv: 1907.02101
version: 2},
	keywords = {Economics - Econometrics, Economics - General Economics},
	file = {Honore et al. - 2020 - The Informativeness of Estimation Moments.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\UZD5YWA4\\Honore et al. - 2020 - The Informativeness of Estimation Moments.pdf:application/pdf}
}

@article{campbell_permanent_1990,
	title = {Permanent {Income}, {Current} {Income}, and {Consumption}},
	volume = {8},
	issn = {0735-0015},
	url = {https://www.tandfonline.com/doi/abs/10.1080/07350015.1990.10509798},
	doi = {10.1080/07350015.1990.10509798},
	abstract = {This article reexamines the consistency of the permanent-income hypothesis with aggregate postwar U.S. data. The permanent-income hypothesis is nested within a more general model in which a fraction of income accrues to individuals who consume their current income rather than their permanent income. This fraction is estimated to be about 50\%, indicating a substantial departure from the permanent-income hypothesis. Our results cannot be easily explained by time aggregation or small-sample bias, by changes in the real interest rate, or by nonseparabilities in the utility function of consumers.},
	number = {3},
	urldate = {2020-03-29},
	journal = {Journal of Business \& Economic Statistics},
	author = {Campbell, John Y. and Mankiw, N. Gregory},
	month = jul,
	year = {1990},
	keywords = {Euler equation, Instrumental variables, Monte Carlo study, Nonseparable utility, Real interest rate, Time aggregation},
	pages = {265--279},
	file = {Campbell and Mankiw - 1990 - Permanent Income, Current Income, and Consumption.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\KI584D4W\\Campbell and Mankiw - 1990 - Permanent Income, Current Income, and Consumption.pdf:application/pdf}
}

@article{brumm_using_2017,
	title = {Using {Adaptive} {Sparse} {Grids} to {Solve} {High}-{Dimensional} {Dynamic} {Models}},
	volume = {85},
	issn = {0012-9682},
	url = {https://www.econometricsociety.org/doi/10.3982/ECTA12216},
	doi = {10.3982/ECTA12216},
	abstract = {We present a flexible and scalable method for computing global solutions of highdimensional stochastic dynamic models. Within a time iteration or value function iteration setup, we interpolate functions using an adaptive sparse grid algorithm. With increasing dimensions, sparse grids grow much more slowly than standard tensor product grids. Moreover, adaptivity adds a second layer of sparsity, as grid points are added only where they are most needed, for instance, in regions with steep gradients or at nondifferentiabilities. To further speed up the solution process, our implementation is fully hybrid parallel, combining distributed and shared memory parallelization paradigms, and thus permits an efficient use of high-performance computing architectures. To demonstrate the broad applicability of our method, we solve two very different types of dynamic models: first, high-dimensional international real business cycle models with capital adjustment costs and irreversible investment; second, multiproduct menu-cost models with temporary sales and economies of scope in price setting.},
	language = {en},
	number = {5},
	urldate = {2020-03-29},
	journal = {Econometrica},
	author = {Brumm, Johannes and Scheidegger, Simon},
	year = {2017},
	pages = {1575--1612},
	file = {Brumm and Scheidegger - 2017 - Using Adaptive Sparse Grids to Solve High-Dimensio.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\IBL8T3AN\\Brumm and Scheidegger - 2017 - Using Adaptive Sparse Grids to Solve High-Dimensio.pdf:application/pdf}
}

@article{mcfadden_method_1989,
	title = {A {Method} of {Simulated} {Moments} for {Estimation} of {Discrete} {Response} {Models} {Without} {Numerical} {Integration}},
	volume = {57},
	number = {5},
	journal = {Econometrica},
	author = {McFadden, Daniel},
	year = {1989},
	pages = {995--1026},
	file = {McFadden - 1989 - A Method of Simulated Moments for Estimation of Di.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\MZZV59KH\\McFadden - 1989 - A Method of Simulated Moments for Estimation of Di.pdf:application/pdf}
}

@techreport{duffie_simulated_1990,
	type = {{NBER} {Working} {Paper} 83},
	title = {Simulated moments estimation of {Markov} models of asset prices},
	author = {Duffie, Darrell and Singleton, Kenneth J.},
	year = {1990},
	file = {Duffie and Singleton - 1990 - Simulated moments estimation of Markov models of a.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\XXAKBP7R\\Duffie and Singleton - 1990 - Simulated moments estimation of Markov models of a.pdf:application/pdf}
}

@techreport{mckay_optimal_2020,
	type = {Working {Paper}},
	title = {Optimal {Automatic} {Stabilizers}},
	author = {McKay, Alisdair and Reis, Ricardo},
	year = {2020},
	doi = {10.3386/w22359},
	file = {McKay and Reis - 2020 - Optimal Automatic Stabilizers.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\85479SQZ\\McKay and Reis - 2020 - Optimal Automatic Stabilizers.pdf:application/pdf}
}

@techreport{lewis_latent_2019,
	type = {Working {Paper}},
	title = {Latent {Heterogeneity} in the {Marginal} {Propensity} to {Consume}},
	author = {Lewis, Daniel J. and Melcangi, Davide and Pilossoph, Laura},
	year = {2019},
	file = {Lewis et al. - 2019 - Latent Heterogeneity in the Marginal Propensity to.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\6NM8RXYK\\Lewis et al. - 2019 - Latent Heterogeneity in the Marginal Propensity to.pdf:application/pdf}
}

@techreport{guerrieri_macroeconomic_2020,
	type = {Working {Paper}},
	title = {Macroeconomic {Implications} of {COVID}-19},
	author = {Guerrieri, Veronica and Lorenzoni, Guido and Werning, Iv{\'a}n and Straub, Ludwig},
	year = {2020},
	file = {Guerrieri et al. - 2020 - Macroeconomic Implications of COVID-19.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\YDK828P3\\Guerrieri et al. - 2020 - Macroeconomic Implications of COVID-19.pdf:application/pdf}
}

@article{mckay_discounted_2017,
	title = {The {Discounted} {Euler} {Equation}: {A} {Note}},
	volume = {84},
	copyright = {{\textcopyright} 2017 The London School of Economics and Political Science},
	issn = {1468-0335},
	shorttitle = {The {Discounted} {Euler} {Equation}},
	url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/ecca.12226},
	doi = {10.1111/ecca.12226},
	abstract = {We present a simple model with income risk and borrowing constraints that yields a {\textquoteleft}discounted Euler equation{\textquoteright}. This feature of the model mutes the extent to which news about far future real interest rates (i.e. forward guidance) affects current outcomes. We show that this simple model approximates the outcomes of a rich model with uninsurable income risk and borrowing constraints in response to a forward guidance shock. The model is simple enough to be easily incorporated into simple New Keynesian models. We illustrate this with an application to the zero lower bound.},
	language = {en},
	number = {336},
	urldate = {2020-04-04},
	journal = {Economica},
	author = {McKay, Alisdair and Nakamura, Emi and Steinsson, J{\'o}n},
	year = {2017},
	pages = {820--831},
	file = {McKay et al. - 2017 - The Discounted Euler Equation A Note.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\3XMIIJJS\\McKay et al. - 2017 - The Discounted Euler Equation A Note.pdf:application/pdf}
}

@article{challe_uninsured_2020,
	title = {Uninsured {Unemployment} {Risk} and {Optimal} {Monetary} {Policy} in a {Zero}-{Liquidity} {Economy}},
	volume = {12},
	issn = {1945-7707},
	url = {https://www.aeaweb.org/articles?id=10.1257/mac.20180207&&from=f},
	doi = {10.1257/mac.20180207},
	language = {en},
	number = {2},
	urldate = {2020-04-04},
	journal = {American Economic Journal: Macroeconomics},
	author = {Challe, Edouard},
	month = apr,
	year = {2020},
	keywords = {Saving, Aggregate Human Capital, Intergenerational Income Distribution, Unemployment, Wages, Wealth, Employment, Aggregate Labor Productivity, Price Level, Inflation, Macroeconomics: Consumption, Deflation, Monetary Policy, Household Saving, Borrowing, Debt, and Wealth},
	pages = {241--283},
	file = {Challe - 2020 - Uninsured Unemployment Risk and Optimal Monetary P.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\BUYN4SYN\\Challe - 2020 - Uninsured Unemployment Risk and Optimal Monetary P.pdf:application/pdf}
}

@techreport{druedahl_high_2020,
	type = {Working {Paper}},
	title = {High {Frequency} {Income} {Dynamics}},
	author = {Druedahl, Jeppe and Graber, Michael and J{\o}rgensen, Thomas H},
	year = {2020},
	file = {Druedahl et al. - 2020 - High Frequency Income Dynamics.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\PJ8TYWRK\\Druedahl et al. - 2020 - High Frequency Income Dynamics.pdf:application/pdf}
}

@techreport{mian_indebted_2021,
	type = {forthcoming in {Quarterly} {Journal} of {Economics}},
	title = {Indebted {Demand}},
	author = {Mian, Atif R and Straub, Ludwig and Sufi, Amir},
	year = {2021},
	file = {Mian et al. - 2020 - Indebted Demand.pdf:C\:\\Users\\gmf123\\Zotero\\storage\\JLBIA5GI\\Mian et al. - 2020 - Indebted Demand.pdf:application/pdf}
}

@article{auclert_note_2017,
	title = {A note on multipliers in {NK} models with {GHH} preferences},
	author = {Auclert, Adrien and Rognlie, Matthew},
	year = {2017},

repository: magnusorberg/ConsumptionSavingNotebooks

path: /00. DynamicProgramming/ConSav.bib

repo_name: magnusorberg/ConsumptionSavingNotebooks