@dbaqaee : Recently, I posted about measuring aggregate efficiency with heterogeneous agents. Here, we apply that idea to incomplete markets. We quantify misallocation in domestic and international settings, without assumptions on productivity shocks, financial frictions, ownership of • TwiCopy

David Baqaee

@dbaqaee

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Economist at UCLA

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linkhttps://sites.google.com/site/davidbaqaee/ calendar_today30-04-2020 18:08:11

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David Baqaee

@dbaqaee

2 months ago

Recently, I posted about measuring aggregate efficiency with heterogeneous agents. Here, we apply that idea to incomplete markets. We quantify misallocation in domestic and international settings, without assumptions on productivity shocks, financial frictions, ownership of

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