Structural modeling of economic choices of heterogeneous agents

ctDiscrete

TractableBufferStockModel

This is a replication of the results of the paper “A Tractable Model of Buffer Stock Saving” by Carroll and Toche

References

Carroll, C. D., & Toche, P. (2009). A tractable model of buffer stock saving (No. w15265). National Bureau of Economic Research.

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Abstract

Analytically tractable model of the effects of nonfinancial risk on intertemporal choice

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Material Source Code

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How to Execute this Notebook

Install econ-ark on your computer (Quick Start Guide then follow these instructions:

  1. At a command line, change the working directory to the one where you want to install
    • On MacOS/unix, if you install in the /tmp directory, the installation will disappear after a reboot:
    • cd /tmp
  2. git clone https://github.com/llorracc/ctDiscrete --recursive
  3. cd ctDiscrete
  4. jupyter notebook Code/HARK/Examples/ctDiscrete/TractableBufferStockModel.ipynb

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