Introduction

Heterogeneous Agents : Finite State Space representation

This site presents truncation methods to solve heterogeneous-agent models.

These techniques allow to simulate the model with aggregate shocks and especially to solve for optimal policy without and with aggregate shocks.

It provides Julia code to solve for steady. DYNARE codes are provided for the dynamics, but the method works also with other techniques, like sequence Jacobian.

There are two truncation methods

• Uniform truncation, presented Here
• Refined truncation, presented Here

Optimal policies are

• presented Here

Finally, references and papers are

• presented Here

Many papers in this project have benefitted from the French National Research Agency (ANR-20-CE26-0018 IRMAC).