kerkphil/HeterogeneousUtility
Folders and files
| Name | Name | Last commit date | ||
|---|---|---|---|---|
Repository files navigation
======================================================================================= Code for the paper "Heterogeneous Utility from a Representative Agent Model: Immigrants vs Non-immigrants" ======================================================================================= This repository contains python code used in the paper "Heterogeneous Utility from a Representative Agent Model: Immigrants vs Non-immigrants" by Kerk L. Phillips. The working paper can be downloaded from the following URL - https://drive.google.com/file/d/1TLnn9CypoO8PxIy4kToXz-8JXyU2_OVs/view There are three program files and one function used to find the steady state. LinApp_FindSS.py is a Python function used to find the steady state. IndivUtilHA.py solves the heterogenous agent model. IndivUtilRA.py solves the representative agent model with modified Euler equations. IndivUtilRA2.py solve the Representative agent model with unmodified Euler equations.