本学期宏观讨论班将以HANK为主题，每两周周一下午2点半在金融系会议室（B255）进行。由于技术性较强，面向对象为金融系教师和博士生；本科、硕士有兴趣旁听者请提前向我邮件申请。
讨论班安排
12月3日，周上尧，报告内容：Bayer, Born, and Luetticke (2020)，HANK版Smets and Wouters (2007)；参考资料
pdf Download12月14日，周上尧，报告内容：Bayer and Luetticke (2020)，离散时间HANK近似求解方法；参考资料
pdf Download1月13日，邹振涛，报告内容：Kaplan, Moll, and Violante (2018)，连续时间HANK；参考资料
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主要文献
HANK综述及微观数据基础
Greg Kaplan, Giovanni L. Violante (2018) Microeconomic Heterogeneity and Macroeconomic Shocks. Journal of Economic Perspectives, 32 (3), 167 – 94.
pdf DownloadGreg Kaplan, Giovanni L. Violante, Justin Weidner (2014) The Wealthy Hand-to-Mouth. Brookings Papers on Economic Activity, 2014, 77 – 138.
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TANK/THANK介绍及应用
Florin O. Bilbiie (2020) The New Keynesian Cross. Journal of Monetary Economics, 114, 90 – 108.
pdf DownloadDavide Debortoli, Jordi Galí (2018) Monetary Policy with Heterogeneous Agents: Insights from TANK models. Working Paper.
pdf DownloadGauti B. Eggertsson, Paul Krugman (2012) Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach. Quarterly Journal of Economics, 127 (3), 1469 – 1513.
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HANK主要文献：封闭经济
Alisdair McKay, Ricardo Reis (2016) The Role of Automatic Stabilizers in the U.S. Business Cycle. Econometrica, 84 (1), 141 – 194.
pdf DownloadAlisdair McKay, Emi Nakamura, Jón Steinsson (2016) The Power of Forward Guidance Revisited. American Economic Review, 106 (10), 3133 – 58.
pdf DownloadVeronica Guerrieri, Guido Lorenzoni (2017) Credit Crises, Precautionary Savings, and the Liquidity Trap. Quarterly Journal of Economics, 132 (3), 1427 – 1467.
pdf DownloadGreg Kaplan, Benjamin Moll, Giovanni L. Violante (2018) Monetary Policy According to HANK. American Economic Review, 108 (3), 697 – 743.
pdf DownloadAdrien Auclert (2019) Monetary Policy and the Redistribution Channel. American Economic Review, 109 (6), 2333 – 67.
pdf DownloadChristian Bayer, Ralph Luetticke, Lien Pham-Dao, Volker Tjaden (2019) Precautionary Savings, Illiquid Assets, and the Aggregate Consequences of Shocks to Household Income Risk. Econometrica, 87 (1), 255 – 290.
pdf DownloadChristian Bayer, Benjamin Born, Ralph Luetticke (2020) Shocks, Frictions, and Inequality in US Business Cycles. CEPR Discussion Paper.
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NEW] Felipe Alves, Greg Kaplan, Benjamin Moll, Giovanni L. Violante (2020) A Further Look at the Propagation of Monetary Policy Shocks in HANK. Journal of Money, Credit and Banking, 52 (S2), 521–559.
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HANK主要文献：开放经济
Sergio de Ferra, Kurt Mitman, Federica Romei (2020) Household Heterogeneity and the Transmission of Foreign Shocks. Journal of International Economics, 124, 103303.
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HANK主要文献：最优政策
Alisdair McKay, Ricardo Reis (2020) Optimal Automatic Stabilizers. Review of Economic Studies, forthcoming.
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异质性个体量化宏观模型理论基础与数值求解
S. Rao Aiyagari (1994) Uninsured Idiosyncratic Risk and Aggregate Saving. Quarterly Journal of Economics, 109 (3), 659 – 684.
pdf DownloadMark Huggett (1993) The Risk-free Rate in Heterogeneous-Agent Incomplete-Insurance Economies. Journal of Economic Dynamics and Control, 17 (5-6), 953 – 969.
pdf DownloadPer Krusell, Anthony A. Smith Jr. (1998) Income and Wealth Heterogeneity in the Macroeconomy. Journal of Political Economy, 106 (5), 867 – 896.
pdf DownloadFatih Guvenen (2011) Macroeconomics with Hetereogeneity: A Practical Guide. Economic Quarterly, 97 (3), 255 – 326.
pdf DownloadMichael Reiter (2009) Solving Heterogeneous-agent Models by Projection and Perturbation. Journal of Economic Dynamics and Control, 33 (3), 649 – 665.
pdf DownloadTimo Boppart, Per Krusell, Kurt Mitman (2018) Exploiting MIT Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative. Journal of Economic Dynamics and Control, 89, 68 – 92.
pdf DownloadChristian Bayer, Ralph Luetticke (2020) Solving Heterogeneous Agent Models in Discrete Time with Many Idiosyncratic States by Perturbation Methods. Quantitative Economics, 11 (4), 1253 – 1288.
pdf DownloadYves Achdou, Jiequn Han, Jean-Michel Lasry, Pierre-Louis Lions, Benjamin Moll (2020) Income and Wealth Distribution in Macroeconomics:A Continuous-Time Approach. Review of Economic Studies, forthcoming.
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