Bisin and Tura study the cultural integration of immigrants in Italy by estimating a structural model of marital matching embedded with intra-household decisions — fertility, socialization of …
PublishedClassicJournal of Economic PerspectivesPublished Aug 2018
This essay argues that the Great Recession exposed how badly representative-agent models capture household consumption behavior, and outlines the emerging Heterogeneous Agent New Keynesian (HANK) …