AIYAGARI 1994 PDF

S. Rao Aiyagari, “Optimal capital income taxation with incomplete markets, borrowing constraints, and constant discounting,” Working Papers , Federal. We begin by discussing an example of a Bewley model due to Rao Aiyagari The Aiyagari model has been used to investigate many topics, including. S. Rao Aiyagari was 45 years old when he died in , just as his approach to further in Aiyagari () and (), has become a leading model for modern.

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We begin by discussing an example of a Bewley model due to Rao Aiyagari. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here.

S. Rao Aiyagari | IDEAS/RePEc

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Uninsured Idiosyncratic Risk and Aggregate Saving

As the access to this document is restricted, you may want to look for a different version below or search for a different version of it. Code should execute sequentially if run in a Jupyter notebook See the set up page to install Jupyter, Python and all necessary libraries Please direct feedback to contact quantecon. Aiyagari, S Rao, You can help correct errors and omissions.

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It also allows you to accept potential citations to this item that we are uncertain about. In this lecture we describe the structure of a class of models that build on work by Truman Bewley [Bew77]. Oxford University Press or Christopher F. Uninsured Idiosyncratic Risk and Aggregate Saving. Multiplicity, optimality, and consumption smoothing ,” Journal of Economic TheoryElsevier, vol. Access to full text is restricted to subscribers.

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Uninsured Idiosyncratic Risk and Aggregate Saving

In this simple version of the model, households supply labor inelastically because they do not value leisure. Calling the method will trigger a re-build of R. Note that if the versions have a very similar title and are in the author’s profile, the links will usually be created automatically.

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S. Rao Aiyagari

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Please note that corrections may take a couple of weeks to filter through the various RePEc services. Personal Details First Name: To update listings or check citations waiting for approval, S. We address the impact on the aggregate saving rate, the importance of asset trading to individuals, and the relative inequality of wealth and income distributions. Other versions of this item: General contact details of provider: Help us Corrections Found an error or omission? To link different versions of the same work, where versions have a different title, use this form.

The primary reference for this lecture is [Aiy94]. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item.

Growth versus discounting ,” Journal of Economic TheoryElsevier, vol. More information Research fields, statistics, top rankings, if available.