Warehouse / Authors / Andreas Schaab

Andreas Schaab

Papers by Andreas Schaab tracked in the Macro Paper Warehouse.

3 papers tracked 0 forthcoming 3 classics

Showing 3 papers

Published Classic Online 13 Nov 2020

Using a new global solution method for a HANK model with counter-cyclical unemployment risk and a zero lower bound, this job-market paper shows that the dominant transmission channel of macroeconomic …

Heterogeneous Agent Macro Effective Lower Bound Business Cycles Free Read ↗

Published Classic

Optimal Monetary Policy with Heterogeneous Agents: Discretion, Commitment, and Timeless Policy

Eduardo Dávila · Andreas Schaab

This paper characterizes optimal monetary policy in a heterogeneous-agent New Keynesian (HANK) model with wage rigidity, showing that a discretionary utilitarian planner's desire to redistribute …

Heterogeneous Agent Macro Monetary Policy Inequality Monetary Policy Rules Free Read ↗

Published Classic Online 21 Dec 2025

Structural Reinforcement Learning for Heterogeneous Agent Macroeconomics

Yucheng Yang · Chiyuan Wang · Andreas Schaab · Benjamin Moll

By replacing the cross-sectional distribution with low-dimensional current prices as the state variable and letting agents learn equilibrium price dynamics from simulated paths -- while still …

Heterogeneous Agent Macro Business Cycles Nominal Rigidities Free Read ↗