Distributional Macroeconomics: Tools and Policy Implications

Benjamin Moll (London School of Economics) gave the TI Economics Lectures 2022. Moll, Professor of Economics at London School of Economics, is a macroeconomist interested in understanding inequality within and across countries.

His work seeks to advance two core research agendas. The first addresses one of the longest-standing questions in economics: “Why are some countries so much poorer than others?” The second is to understand how the enormous heterogeneity observed at the micro level, and in particular, the vast disparities in income and wealth, impact the macroeconomy and macroeconomic policy. His work approaches these questions with a mix of theory and empirics.

Benjamin Moll's current work aims to improve our understanding of the causes of the unequally distributed growth observed in many developed countries and the macroeconomic and distributional consequences of both monetary and fiscal policy.

Topic: Distributional Macroeconomics: Tools and Policy Implications
Topics covered will be related to "HANK Models for Macroeconomic Policy Analysis" and "Continuous-Time Methods for Macro Models with Distributions" (see section 1 and 3)

In terms of tools, Benjamin Moll will cover continuous-time methods for solving heterogeneous agent models.