ERC Consolidator Grant · 2024
Housing, Inequality, and Price-Setting: Theory, Evidence, and Ramifications for the Macroeconomy
This project will develop macroeconomic models with household and firm heterogeneity to investigate the importance of housing, inequality, and price-setting in macroeconomic fluctuations and the transmission and efficacy of policy. The objective is to provide a modeling framework that is consistent with both empirical microeconomic evidence on household and firm behavior and macro evidence on the response of the aggregate economy to economic shocks. A central theme will be on non-linearities and large shocks. Computational methods for solving heterogeneous agent models non-linearly in the sequence space will be developed. The ultimate goal is to help make these models the new standard for…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.