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Published in Economics Letters, 206, 109940, 2021
The XPA algorithm solves a continuous-time heterogeneous-agent model with aggregate uncertainty without simulations inside the solution algorithm.
Recommended citation: Emoto, Masakazu, and Takeki Sunakawa. (2021). "Applying the Explicit Aggregation Algorithm to Heterogeneous Agent Models in Continuous Time." Economics Letters, 206, 109940.
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A firm-dynamics model showing how informality changes dynamic selection, long-run growth, the firm-size distribution, and welfare.
Published in , 1900
A heterogeneous-agent Ramsey model linking the intertemporal elasticity of substitution to transitional wealth-distribution dynamics.
Published in CREPE Discussion Paper No. 187, 1900
An epimacro analysis of how deterministic and stochastic virus mutation change optimal lockdown intensity.
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A continuous-time heterogeneous-firm model separating tax-haven adoption, the intensive shifting margin, and international tax-rate competition.
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A stochastic growth model in which tax morale determines whether wealth-tax evasion lowers growth and generates a double-Pareto wealth distribution.
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