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Integrating household behavior and heterogeneity into the TIMES-Households model
Applied Energy, 2015The importance of household behavior in energy consumption is regularly raised in literature. Nevertheless energy-economy long-term planning models still often represent energy demand by a single mean household and thus fail to capture household behavior.
Cayla, Jean-Michel, Maïzi, Nadia
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The Supply-Side Effects of Household Heterogeneity
Household heterogeneity has been shown to be an important driver of aggregate demand. In this research, we demonstrate that it also impacts the supply side. We build a model in which heterogeneous households vary in their extent to which they supply production factors (labor and capital).Schwanebeck, Benjamin, Thiel, Luzie
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Growth, Inflation, and Household Heterogeneity
2023A Distributional PCE Price Index From Aggregate Data uses the same price index method to demonstrate how to obtain household-level inflation measures in the absence of detailed microdata on consumer spending. Applying this method to US national accounts data reveals a noticeably larger inflation rate for poor households, both in the 2021–2023 inflation
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Multiple Sectors and Heterogeneous Households
2006The Walrasian system is a beautiful theory. Nevertheless, its success is mainly limited to short-run economic phenomena. It is important to introduce endogenous wealth accumulation, population growth, and knowledge creation and utilization into this structurally beautiful system.
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Heterogeneity in Household and Business Finances
2023This thesis consists of three chapters studying how micro-level heterogeneity affects the behaviour of households and businesses, as well as the transmission of macroeconomic shocks to the household and business sectors in aggregate. In Chapter 1, I construct a novel dataset of corporate debt covenants in Australia and examine how the use and structure
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Heterogeneous Households: Monopolistic Capitalists, Entrepreneurs and Employees
2014What are the implications of an uneven distribution of welfare on optimal stabilisation policy? I build a dynamic stochastic general equilibrium model with household heterogeneity in income and consumption with which to solve optimal fiscal and monetary policy over the business cycle.
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Household Technology Acceptance: Heterogeneity in Computer Adoption. [PDF]
Technology policy analysis and implementation relies on knowledge and understanding of the "adoption gap" in information technologies among different groups of consumers. Factors that explain the residential "digital divide" also need to be identified and quantified. Through the application of survey data we provide an enhanced understanding of the key
Robertson, A +2 more
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Monetary policy with heterogeneous households and financial frictions [PDF]
This paper presents and estimates a sticky-price model with heterogenous households and financial frictions. Frictions in state-contingent asset markets lead to imperfect risksharing among households with idiosyncratic labor incomes. I study the impacts of the introduced financial frictions on optimal monetary policy by documenting implications for the
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