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Heterogeneous Agents, Public Debt, and Labor-Market Frictions

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The risk-free rate in heterogeneous-agent incomplete-insurance economies
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Reducing government debt in the presence of inequality
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Insurance and opportunities: A welfare analysis of labor market risk
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Public debt in economies with heterogeneous agents
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Wealth accumulation, on-the-job search and inequality
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Efficient redistribution
inferredcites →https://doi.org/10.1016/j.jmoneco.2026.103974openalex-extracted
Public debt in calibrated OLG models: Fiscal arithmetic versus welfare analysis
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Optimal fiscal policy in incomplete market business cycle economies
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On the distribution of wealth and employment
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The welfare effects of tax progressivity in a frictional labor market
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The looming fiscal reckoning: Tax distortions, top earners, and revenues
inferredcites →https://doi.org/10.1016/s0304-3932(01)00064-2openalex-extracted
The effectiveness of government debt and transfers as insurance
inferredcites →https://doi.org/10.1016/s0304-3932(98)00031-2openalex-extracted
The optimum quantity of debt
inferredcites →https://doi.org/10.1086/250034openalex-extracted
Income and Wealth Heterogeneity in the Macroeconomy
inferredcites →https://doi.org/10.1086/601445openalex-extracted
Optimal Capital Income Taxation with Incomplete Markets, Borrowing Constraints, and Constant Discounting
inferredcites →https://doi.org/10.1086/701608openalex-extracted
Debt Constraints and Employment
inferredcites →https://doi.org/10.1086/725170openalex-extracted
Public Debt as Private Liquidity: Optimal Policy
inferredcites →https://doi.org/10.1093/jeea/jvaa015openalex-extracted
On the Provision of Unemployment Insurance when Workers are Ex-Ante Heterogeneous
inferredcites →https://doi.org/10.1093/qje/qjw041openalex-extracted
Fiscal Policy and Debt Management with Incomplete Markets*
inferredcites →https://doi.org/10.1093/qje/qjx018openalex-extracted
Optimal Tax Progressivity: An Analytical Framework*
inferredcites →https://doi.org/10.1093/restud/rdad059openalex-extracted
The Effect of Wealth on Worker Productivity
inferredcites →https://doi.org/10.1111/1468-0262.00293openalex-extracted
Tax and Education Policy in a Heterogeneous Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency?
inferredcites →https://doi.org/10.1111/j.1465-7295.2011.00410.xopenalex-extracted
WHY DO GOVERNMENTS END UP WITH DEBT? SHORT‐RUN EFFECTS MATTER
inferredcites →https://doi.org/10.1111/j.1467-937x.2010.00700.xopenalex-extracted
Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations
inferredcites →https://doi.org/10.1257/0002828053828572openalex-extracted
The Cyclical Behavior of Equilibrium Unemployment and Vacancies
inferredcites →https://doi.org/10.1257/aer.109.4.1197openalex-extracted
Public Debt and Low Interest Rates
inferredcites →https://doi.org/10.1257/jep.3.2.37openalex-extracted
The Ricardian Approach to Budget Deficits
inferredcites →https://doi.org/10.1257/jep.33.2.115openalex-extracted
Rising Government Debt: Causes and Solutions for a Decades-Old Trend
inferredcites →https://doi.org/10.1257/mac.20180247openalex-extracted
Optimal Public Debt with Life Cycle Motives
inferredcites →https://doi.org/10.1515/9780691218052-014openalex-extracted
10 Asset Pricing Implications of Equilibrium Business Cycle Models
inferredcites →https://doi.org/10.2139/ssrn.2493653openalex-extracted
Optimal Level of Government Debt: Matching Wealth Inequality and the Fiscal Sector
inferredcites →https://doi.org/10.2307/1911310openalex-extracted
Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives
inferredcites →https://doi.org/10.2307/2118417openalex-extracted
Uninsured Idiosyncratic Risk and Aggregate Saving
inferredcites →https://doi.org/10.2307/2297271openalex-extracted
Wage Determination and Efficiency in Search Equilibrium
inferredcites →https://doi.org/10.2307/2297382openalex-extracted
On the Efficiency of Matching and Related Models of Search and Unemployment
inferredcites →https://doi.org/10.2307/j.ctv14163jx.16openalex-extracted
Asset Pricing Implications of Equilibrium Business Cycle Models
inferredcites →https://doi.org/10.3386/w29707openalex-extracted
A Goldilocks Theory of Fiscal Deficits
inferredcites →https://doi.org/10.3386/w30315openalex-extracted
Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data
inferredcites →https://doi.org/10.3386/w5263openalex-extracted
What Do Budget Deficits Do?
inferredcites →https://doi.org/10.7916/d80v89r8openalex-extracted
Public Debt as Private Liquidity
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