Christian Bayer

Christian Bayer · Ralph Luetticke · M. Weiss · Yannik Winkelmann

This paper introduces the Distributional Endogenous Gridpoint Method (DEGM), a novel numerical technique for solving the distributional dynamics that arise in heterogeneous agent macroeconomic models. …

Rüdiger Bachmann · Christian Bayer · Heiko Stüber · Felix Wellschmied

When employers face a trade-off between growing large and paying low wages — that is, when they have monopsony power — some productive employers will decide to acquire fewer customers, forgo sales, …

Christian Bayer · Ralph Luetticke

A solution method for discrete-time heterogeneous-agent models with aggregate risk that extends Reiter's perturbation approach by compressing the state space after the no-aggregate-risk stationary …