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lectures_iies's Introduction

Analyzing Heterogeneous Agent Models in Sequence Space

Mini-course taught at IIES in September 2023

Lectures

Course plan in Lectures_IIES.pdf

  • Lecture 1. Recap of consumption-saving and stationary equilibrium
  • Lecture 2. Transitional dynamics in sequence space
  • Lecture 3. Aggregate risk, linearized dynamics and analytical analysis
  • Lecture 4. Examples: Open-Economy HANK + HANK with search-and-matching (SAM)

Exercises

  1. Using the numerical methods in practice
  2. In Python using my GEModelTools package

See Code_and_exercises\.

Misc

Greatly inspired and influenced by Auclert, Bardóczy, Rognlie, Straub:

Additional material in Advanced Macroeconomics: Heterogenous Agent Models

State space methods: See BASE for HANK by Bayer and Luetticke

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