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Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy


  • 研討會日期 : 2014-01-14
  • 時間 : 14:30
  • 主講人 : Professor YiLi Chien
  • 地點 : Conference Room B110
  • 演講者簡介 : Professor Chien received his Ph.D. in Economics from University of California, Los Angeles in 2006. He is currently a Senior Economist at Research Division in Federal Reserve Bank of St. Louis. His primary research fields are Macroeconomics, Household Finance and Asset Pricing, and secondary research fields are Asymmetric Information and Dynamic Contracting.
  • 演講摘要 : This paper analyzes and computes the equilibria of economies with large numbers of heterogeneous agents who have different asset trading technologies, preferences and beliefs. We evaluate the implications of these heterogeneities on the economy through several quantitative exercises.