/hetagentsaggshocks

Demonstration of the Reiter method for solving models with heterogeneous agents and aggregate shocks in general equilibrium. Solves a simple model of firm investment with persistent aggregate and idiosyncratic productivity shocks.

Primary LanguageMATLAB

hetagentsaggshocks

Demonstration of the Reiter method for solving a model with heterogeneous agents and aggregate shocks in general equilibrium. Solves a simple model of firm investment with persistent aggregate and idiosyncratic productivity shocks.

Reiter (2009), Journal of Economic Dynamics & Control, Solving heterogeneous-agent models by projection and perturbation.