메뉴 건너뛰기




Volumn 1, Issue 2, 2009, Pages 29-54

Can a representative-agent model represent a heterogeneous-agent economy

Author keywords

[No Author keywords available]

Indexed keywords


EID: 85017109453     PISSN: 19457707     EISSN: 19457715     Source Type: Journal    
DOI: 10.1257/mac.1.2.29     Document Type: Article
Times cited : (28)

References (29)
  • 1
    • 21844504524 scopus 로고
    • Uninsured Idiosyncratic Risk and Aggregate Saving
    • Aiyagari, S. Rao. 1994. "Uninsured Idiosyncratic Risk and Aggregate Saving." Quarterly Journal of Economics, 109(3): 659-84.
    • (1994) Quarterly Journal of Economics , vol.109 , Issue.3 , pp. 659-684
    • Aiyagari, S.R.1
  • 2
    • 84935813650 scopus 로고
    • Intertemporal Substitution in Labor Supply: Evidence from Micro Data
    • Altonji, Joseph G. 1986. "Intertemporal Substitution in Labor Supply: Evidence from Micro Data." Journal of Political Economy, 94(3): S176-215.
    • (1986) Journal of Political Economy , vol.94 , Issue.3 , pp. S176-215
    • Altonji, J.G.1
  • 3
    • 0000776805 scopus 로고
    • Real Wages over the Business Cycle: Evidence from Panel Data
    • Bils, Mark J. 1985. "Real Wages over the Business Cycle: Evidence from Panel Data." Journal of Political Economy, 93(4): 666-89.
    • (1985) Journal of Political Economy , vol.93 , Issue.4 , pp. 666-689
    • Bils, M.J.1
  • 4
    • 33645118168 scopus 로고    scopus 로고
    • From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy
    • Chang, Yongsung, and Sun-Bin Kim. 2006. "From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy." International Economic Review, 47(1): 1-27.
    • (2006) International Economic Review , vol.47 , Issue.1 , pp. 1-27
    • Chang, Y.1    Kim, S.-B.2
  • 5
    • 38049119480 scopus 로고    scopus 로고
    • Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations
    • Chang, Yongsung, and Sun-Bin Kim. 2007. "Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations." American Economic Review, 97(5): 1939-56.
    • (2007) American Economic Review , vol.97 , Issue.5 , pp. 1939-1956
    • Chang, Y.1    Kim, S.-B.2
  • 6
    • 34247372674 scopus 로고    scopus 로고
    • Business Cycle Accounting
    • Chari, V. V., Patrick J. Kehoe, and Ellen R. McGrattan. 2007. "Business Cycle Accounting." Econometrica, 75(3): 781-836.
    • (2007) Econometrica , vol.75 , Issue.3 , pp. 781-836
    • Chari, V.V.1    Kehoe, P.J.2    McGrattan, E.R.3
  • 7
    • 0004291281 scopus 로고    scopus 로고
    • Asset Pricing
    • Princeton: Princeton University Press.
    • Cochrane, John H. 2001. Asset Pricing. Princeton: Princeton University Press.
    • (2001)
    • Cochrane, J.H.1
  • 8
    • 38249040011 scopus 로고
    • Modeling the Term Structure of Interest Rates under Non-Separable Utility and Durability of Goods
    • Dunn, Kenneth B., and Kenneth J. Singleton. 1986. "Modeling the Term Structure of Interest Rates under Non-Separable Utility and Durability of Goods." Journal of Financial Economics, 17(1): 27-55.
    • (1986) Journal of Financial Economics , vol.17 , Issue.1 , pp. 27-55
    • Dunn, K.B.1    Singleton, K.J.2
  • 9
    • 33947654291 scopus 로고    scopus 로고
    • Markups, Gaps, and the Welfare Costs of Business Fluctuations
    • Galí, Jordi, Mark Gertler, and David López-Salido. 2007. "Markups, Gaps, and the Welfare Costs of Business Fluctuations." Review of Economics and Statistics, 89(1): 44-59.
    • (2007) Review of Economics and Statistics , vol.89 , Issue.1 , pp. 44-59
    • Galí, J.1    Gertler, M.2    López-Salido, D.3
  • 10
    • 0000746149 scopus 로고
    • Are Consumption-Based Intertemporal Capital Asset Pricing Models Structural?
    • Ghysels, Eric, and Alastair Hall. 1990. "Are Consumption-Based Intertemporal Capital Asset Pricing Models Structural?" Journal of Econometrics, 45(1-2): 121-39.
    • (1990) Journal of Econometrics , vol.45 , Issue.1-2 , pp. 121-139
    • Ghysels, E.1    Hall, A.2
  • 11
    • 0039862012 scopus 로고    scopus 로고
    • Macroeconomic Fluctuations and the Allocation of Time
    • Hall, Robert E. 1997. "Macroeconomic Fluctuations and the Allocation of Time." Journal of Labor Economics, 15(1): S223-50.
    • (1997) Journal of Labor Economics , vol.15 , Issue.1 , pp. S223-S250
    • Hall, R.E.1
  • 12
    • 84986409625 scopus 로고
    • The Cyclical and Secular Behaviour of the Labour Input: Comparing Efficiency Units and Hours Worked
    • Hansen, G. D. 1993. "The Cyclical and Secular Behaviour of the Labour Input: Comparing Efficiency Units and Hours Worked." Journal of Applied Econometrics, 8(1): 71-80.
    • (1993) Journal of Applied Econometrics , vol.8 , Issue.1 , pp. 71-80
    • Hansen, G.D.1
  • 13
    • 0000414660 scopus 로고
    • Large Sample Properties of Generalized Method of Moments Estimators
    • Hansen, Lars Peter. 1982. "Large Sample Properties of Generalized Method of Moments Estimators." Econometrica, 50(4): 1029-54.
    • (1982) Econometrica , vol.50 , Issue.4 , pp. 1029-1054
    • Hansen, L.P.1
  • 14
    • 84906228751 scopus 로고    scopus 로고
    • Generalized Method of Moments Estimation
    • ed. Stephen N. Durlauf and Lawrence E. Blume. New York: Macmillan.
    • Hansen, Lars Peter. 2008. "Generalized Method of Moments Estimation." In The New Palgrave: A Dictionary of Economics, ed. Stephen N. Durlauf and Lawrence E. Blume. New York: Macmillan.
    • (2008) In The New Palgrave: A Dictionary of Economics
    • Hansen, L.P.1
  • 15
    • 85017108575 scopus 로고
    • Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models
    • Hansen, Lars Peter, and Kenneth J. Singleton. 1982. "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models." Econometrica, 50(5): 1269-86.
    • (1982) Econometrica , vol.50 , Issue.5 , pp. 1269-1286
    • Hansen, L.P.1    Singleton, K.J.2
  • 16
    • 0038854653 scopus 로고
    • Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models: Errata
    • Hansen, Lars Peter, and Kenneth J. Singleton. 1984. "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models: Errata." Econometrica, 52(1): 267-68.
    • (1984) Econometrica , vol.52 , Issue.1 , pp. 267-268
    • Hansen, L.P.1    Singleton, K.J.2
  • 17
    • 0000125534 scopus 로고
    • Sample Selection Bias as a Specification Error
    • Heckman, James J. 1979. "Sample Selection Bias as a Specification Error." Econometrica, 47(1): 153-61.
    • (1979) Econometrica , vol.47 , Issue.1 , pp. 153-161
    • Heckman, J.J.1
  • 18
    • 15244363192 scopus 로고
    • Production, Growth and Business Cycles: I. The Basic Neoclassical Model.
    • King, Robert G., Charles I. Plosser, and Sergio T. Rebelo. 1988. "Production, Growth and Business Cycles: I. The Basic Neoclassical Model." Journal of Monetary Economics, 21(2-3): 195-232.
    • (1988) Journal of Monetary Economics , vol.21 , Issue.2-3 , pp. 195-232
    • King, R.G.1    Plosser, C.I.2    Rebelo, S.T.3
  • 19
    • 0032451887 scopus 로고    scopus 로고
    • Income and Wealth Heterogeneity in the Macroeconomy
    • Krusell, Per, and Anthony A. Smith, Jr. 1998. "Income and Wealth Heterogeneity in the Macroeconomy." Journal of Political Economy, 106(5): 867-96.
    • (1998) Journal of Political Economy , vol.106 , Issue.5 , pp. 867-896
    • Krusell, P.1    Smith, A.A.2
  • 20
    • 84924110883 scopus 로고    scopus 로고
    • Quantitative Macroeconomic Models with Heterogeneous Agents
    • ed. Richard Blundell, Whitney K. Newey, and Torsten Persson,. London: Cambridge University Press.
    • Krusell, Per, and Anthony A. Smith, Jr. 2006. "Quantitative Macroeconomic Models with Heterogeneous Agents." In Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress, Vol. 1, ed. Richard Blundell, Whitney K. Newey, and Torsten Persson, 298-340. London: Cambridge University Press.
    • (2006) In Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress , vol.1 , pp. 298-340
    • Krusell, P.1    Smith, A.A.2
  • 21
    • 0001519332 scopus 로고
    • Time to Build and Aggregate Fluctuations
    • Kydland, Finn E., and Edward C. Prescott. 1982. "Time to Build and Aggregate Fluctuations." Econometrica, 50(6): 1345-70.
    • (1982) Econometrica , vol.50 , Issue.6 , pp. 1345-1370
    • Kydland, F.E.1    Prescott, E.C.2
  • 22
    • 0000424460 scopus 로고
    • An Empirical Model of Labor Supply in a Life-Cycle Setting
    • MaCurdy, Thomas E. 1981. "An Empirical Model of Labor Supply in a Life-Cycle Setting." Journal of Political Economy, 89(6): 1059-85.
    • (1981) Journal of Political Economy , vol.89 , Issue.6 , pp. 1059-1085
    • MaCurdy, T.E.1
  • 25
    • 0000706085 scopus 로고
    • A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
    • Newey, Whitney K., and Kenneth D. West. 1987. "A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix." Econometrica, 55(3): 703-08.
    • (1987) Econometrica , vol.55 , Issue.3 , pp. 703-708
    • Newey, W.K.1    West, K.D.2
  • 26
    • 34147175261 scopus 로고
    • Indivisible Labor, Lotteries and Equilibrium
    • Rogerson, Richard. 1988. "Indivisible Labor, Lotteries and Equilibrium." Journal of Monetary Economics, 21(1): 3-16.
    • (1988) Journal of Monetary Economics , vol.21 , Issue.1 , pp. 3-16
    • Rogerson, R.1
  • 27
    • 0002154338 scopus 로고
    • Borrowing Constraints and Aggregate Economic Activity
    • Scheinkman, Jose A., and Laurence Weiss. 1986. "Borrowing Constraints and Aggregate Economic Activity." Econometrica, 54(1): 23-45.
    • (1986) Econometrica , vol.54 , Issue.1 , pp. 23-45
    • Scheinkman, J.A.1    Weiss, L.2
  • 28
    • 0003443397 scopus 로고
    • Density Estimation for Statistics and Data Analysis
    • London: Chapman and Hall.
    • Silverman, Bernard W. 1986. Density Estimation for Statistics and Data Analysis. London: Chapman and Hall.
    • (1986)
    • Silverman, B.W.1
  • 29
    • 33847514463 scopus 로고
    • Measuring the Cyclicality of Real Wages: How Important Is Composition Bias?
    • Solon, Gary, Robert Barsky, and Jonathan A. Parker. 1994. "Measuring the Cyclicality of Real Wages: How Important Is Composition Bias?" Quarterly Journal of Economics, 109(1): 1-25.
    • (1994) Quarterly Journal of Economics , vol.109 , Issue.1 , pp. 1-25
    • Solon, G.1    Barsky, R.2    Parker, J.A.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.