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Household start with heterogenous wealth. Maybe we can recreate stylised facts that wealthy households will adjust to interest rate changes whereas low wealth households are not able to react and save during high interest rate phases
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Idea
Household start with heterogenous wealth. Maybe we can recreate stylised facts that wealthy households will adjust to interest rate changes whereas low wealth households are not able to react and save during high interest rate phases
The text was updated successfully, but these errors were encountered: