Heterogeneous-Agent New Keynesian models (HANK)---which replace the representative household by a whole distribution of households---are the about to become the new state-off-the-art model of modern monetary economics because they allow for more realistic consumption patterns of households and a rich description of income and wealth distributions. This PhD thesis contributes to the ongoing advancements ...
International Cooperation National Cooperations DIW Fellows At the Graduate Center, we are proud to collaborate with a diverse network of esteemed academic institutions, both locally and internationally. Our partnerships with leading universities in Berlin, Brandenburg, and across the globe foster a rich exchange of knowledge, research, and innovative ideas. exchange programme with the PhD programme ...
