Browsing Norges Banks vitenarkiv by Author "Ahn, SeHyoun"

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    • Computing the Distribution: Adaptive Finite Volume Methods for Economic Models with Heterogeneous Agents 

      Ahn, SeHyoun (Working Paper;10/2019, Working paper, 2019)
      Solving economic models with heterogenous agents requires computing aggregate dynamics consistent with individual behaviors. This paper introduces the finite volume method from the mathe-matics literature to enlarge the set ...

    • Unpacking the forward guidance puzzle 

      Ahn, SeHyoun (Working paper;11/2023, Working paper, 2023)
      I prove that in any linearized general equilibrium model with existence and uniqueness of equilibrium, any present response to a future shock always becomes weaker the further away the shock is. There is no forward guidance ...