Overview

Introduction to HARK

• Introduction to HARK
• ARKitecture of Econ-ARK

Examples

A Gentle Introduction to HARK

Gentle Introduction, Part 2: Simulation

The Nature of Time in HARK’s Microeconomic Framework

Perfect foresight consumption-saving

Consumption-Saving model with Idiosyncratic Income Shocks

Consumption-Saving model with Idiosyncratic Income Shocks and Different Interest Rates on Borrowing and Saving

Additional parameter value to solve an instance of MarkovConsumerType

Permanent versus Persistent Income Shocks

Example ConsAggShockModel

Portfolio Models in HARK

Example Implementations of HARK.ConsumptionSaving.ConsRiskyAssetModel

Consumption-Saving with Portfolio Allocation: Sequential Solvers

Consumption-Saving with Intensive Margin Labor Supply Choice

Multiplicative Shocks to Utility

Basic Health Investment in a Consumption-Saving Model

Medical Care as a Consumption Good with Stochastic Demand

Consumption-Saving with Medical Care Choice on the Extensive Margin

Representative Agent Consumption-Saving Model

“Risky Contribution” Model (UNKNOWN / UNEXPLAINED)

A Life Cycle Model: The Distribution of Assets By Age

Journey: Economics PhD Student

Using Transition Matrix Methods under IndShockConsumerType

Computing Heterogenous Agent Sequence Space Jacobians in HARK

Solving Krusell Smith Model with HARK and SSJ

HARK and the Sequence Space Jacobian (SSJ) Method

The Sequence Space Jacobian (SSJ) method

Making Heterogeneous Agent Sequence Space Jacobian Matrices in HARK