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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The Aiyagari Model – Quantitative Economics

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Aiyagari (1994)

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Uninsured Idiosyncratic Risk and Aggregate Saving

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S. Rao Aiyagari

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More about this item Lists This item is featured on the following reading lists or Wikipedia pages: You can help correct errors and omissions. When requesting a correction, please mention this item’s handle: In this simple version of the model, households supply labor inelastically because they do aiyavari value leisure.

To update listings or check citations waiting for approval, S. A textbook treatment is available in chapter 18 of [LS18]. These are the fields, ordered by ayiagari of announcements, along with their dates.

In this lecture we describe the structure of a class of models that build on work by Truman Bewley [Bew77]. Please note that corrections may take a couple of weeks to filter through the various RePEc services. The primary reference for this lecture is [Aiy94]. For technical questions regarding aiyafari item, aiyxgari to correct its authors, title, abstract, bibliographic or download information, contact: Growth versus discounting ,” Journal of Economic TheoryElsevier, vol.

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