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«Project Leaders Douglas Campbell, Assistant Professor, New Economic School Valery Charnavoki, Assistant Professor, ...»

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——— (2011): “Public versus private risk sharing,” Journal of Economic Theory, 146, 920–956.

Krugman, P. R. (1979): “Increasing returns, monopolistic competition, and international trade,” Journal of International Economics, 9, 469–479.

Krusell, P. and A. A. Smith (1998): “Income and Wealth Heterogeneity in the Macroeconomy,” Journal of Political Economy, 106, 867–896.

Livshits, I., J. MacGee, and M. Tertilt (2007): “Consumer Bankruptcy: A Fresh Start,” American Economic Review, 97, 402–418.

Lucas, R. E. (1987): Models of Business Cycles, Basil Blackwell.

McKay, A. and R. Reis (2013): “The Role of Automatic Stabilizers in the U.S. Business Cycle,” NBER Working Papers 19000, National Bureau of Economic Research, Inc.

Melitz, M. J. (2003): “The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity,” Econometrica, 71, 1695–1725.

Mendoza, E. G., V. Quadrini, and J.-V. Rios-Rull (2009): “On the Welfare Implications of Financial Globalization without Financial Development,” in NBER International Seminar on Macroeconomics 2007, National Bureau of Economic Research, Inc, NBER Chapters, 283– 312.

Obstfeld, M., J. C. Shambaugh, and A. M. Taylor (2005): “The trilemma in history:

tradeoffs among exchange rates, monetary policies, and capital mobility,” Review of Economics and Statistics, 87, 423–438.

Quadrini, V. (2000): “Entrepreneurship, Saving and Social Mobility,” Review of Economic Dynamics, 3, 1–40.

Ragot, X. and E. Challe (2011): “Precautionary Saving over the Business Cycle,” 2011 Meeting Papers 517, Society for Economic Dynamics.

Reiter, M. (2009): “Solving heterogeneous-agent models by projection and perturbation,” Journal of Economic Dynamics and Control, 33, 649–665.

——— (2010): “Approximate and Almost-Exact Aggregation in Dynamic Stochastic Heterogeneous-Agent Models,” Economics Series 258, Institute for Advanced Studies.

Storesletten, K., C. I. Telmer, and A. Yaron (2001): “The welfare cost of business cycles revisited: Finite lives and cyclical variation in idiosyncratic risk,” European Economic Review, 45, 1311–1339.

——— (2004): “Consumption and risk sharing over the life cycle,” Journal of Monetary Economics, 51, 609–633.



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