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HANK: A New Class of Monetary Models for Policy Analysis, with Ben Moll (LSE)
Manage episode 365603489 series 3304320
We discuss about the new insights generated by so-called Heterogeneous Agent New Keynesian (HANK) models. HANK models allow taking into account household heterogeneity when analyzing monetary policy. Ben Moll is one of the founding fathers of this model classs and Professor of Economics at the London School of Economics.
For readers wishing to read up on this topic, here is a non-technical summary of the insights: https://www.imf.org/en/Publications/fandd/issues/2023/03/modern-monetary-policy-kaplan-moll-violante
100 jaksoa
Manage episode 365603489 series 3304320
We discuss about the new insights generated by so-called Heterogeneous Agent New Keynesian (HANK) models. HANK models allow taking into account household heterogeneity when analyzing monetary policy. Ben Moll is one of the founding fathers of this model classs and Professor of Economics at the London School of Economics.
For readers wishing to read up on this topic, here is a non-technical summary of the insights: https://www.imf.org/en/Publications/fandd/issues/2023/03/modern-monetary-policy-kaplan-moll-violante
100 jaksoa
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