El agente representativo: ¿supuesto fuerte y equívoco u opción reductora de dificultades analíticas para el estudio macroeconómico?

Representative agent: Strong assumption or an option to reduce analytical difficulties in the macroeconomic study?

Juan Pablo Navarrete Ruiz

Econógrafos, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID

Abstract: 'In the actual document, a short review is realized about classic authors' thought still relevant for studying the modern society, in order to compare their analysis methodologies with current methodologies. Specifically, the assumption of representative agent is followed up and its consequences in some basic neoclassical growth models which are usually used for making economic policy. Importance of the assumptions as a set is recognized inside the neoclassical framework and it formalization; moreover, its impact is considered in the analysis of distributive effects of economic growth and inequality. It is found that it must be special carefully when conclusions are based on models which integrate this assumption, due to the redistribute effects are not negligible.'

Keywords: representative agent; assumptions; inequality; macroeconomics (search for similar items in EconPapers)
JEL-codes: B31 D01 E13 (search for similar items in EconPapers)
Pages: 11
Date: 2018-07
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Published in Econografos

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Persistent link: https://EconPapers.repec.org/RePEc:col:000176:022745

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