Micro Risks and (Robust) Pareto Improving Policies

Mark Aguiar, Manuel Amador and Cristina Arellano

No 28996, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We provide sufficient conditions for the feasibility of robust Pareto-improving (RPI) fiscal policies in the class of incomplete markets models of Bewley-Huggett-Aiyagari and when the interest rate on government debt is below the growth rate (r

JEL-codes: E6 H3 (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-mac and nep-ore
Note: EFG IFM
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