Build and Solve HANK Model

General DSGE Modeling
1

Hi, Professor and everyone else!

I recently needed to build and solve a HANK model, but at the moment I know nothing about HANK models. I would like to ask if you have any recommended materials that can enable me to transition from the representative agent model to the heterogeneous agent model.

At the same time, I have learned that HANK model can be solved by using perturbation mehtod. Does that mean that Dynare can solve HANK model? If so, would it be convenient for you to also recommend some materials for solving the HANK model?

Thanks in advance!

2

There are the teaching slides of Ben Moll: https://benjaminmoll.com/lectures/
Solving HANK models in Dynare can be done, e.g. using Thomas Winberry’s codes: GitHub - JohannesPfeifer/winberryAlgorithmCodes: Dynare codes for A Method for Solving and Estimating Heterogeneous Agent Macro Models