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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Uninsured Idiosyncratic Risk and Aggregate Saving
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Help us Corrections Found an error or omission? New build system QuantEcon is migrating to a new build system – please report any aiyagaro to contact quantecon. 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. We begin by discussing an example of a Bewley model due to Rao Aiyagari. The interest rate associated with a given demand for capital K.
A textbook treatment is available in chapter 18 of [LS18].
The Aiyagari Model – Quantitative Economics
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S. Rao Aiyagari
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