Macroeconomic Dynamics with Heterogeneous Agents
| Project/Area Number |
20530154
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Osaka University |
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Principal Investigator |
MINO Kazuo Osaka University, 経済研究所, 教授 (00116675)
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| Project Period (FY) |
2008 – 2010
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| Project Status |
Completed (Fiscal Year 2010)
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| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2010: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2008: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Keywords | 家計の異質性 / 資産分配 / 経済成長 / 消費の外部性 / 均衡の決定性 / 資本蓄積 / 開放経済の安定性 / 貿易構造 / 資本移動 / 均衡不決定性 / 新古典派成長モデル / 世代重複モデル / 消費の習慣形成 / 世代重複経済 / 2国モデル / 財政政策 |
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| Research Abstract |
The representative agent model still plays a dominant role in macroeconomic analysis. In this research project we explorers various models of macroeconomic dynamics in which there are heterogeneous households. More specifically, we have studies the following issues : (1) the role of intergenerational consumption externalities in overlapping generations economies ; (2) the effects of consumption externalities on long-run wealth distribution in an economy in which households may hold different levels wealth ; (3) the effects of fiscal and monetary policies in growing economies with heterogeneous households ; and (4) behaviors of two-country dynamic model where each country may have heterogeneous preferences and/or technologies. In each topic, we have confirmed that heterogeneity of agents may produces significant outcomes that cannot be obtained in the representative agent settings.
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Report
(4 results)
Research Products
(37 results)
