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Federal Reserve Bank of Cleveland: 'A Note on Aggregating Preferences for Redistribution'
November 26, 2024
CLEVELAND, Ohio, Nov. 26 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 24-27) on November 25, 2024, by Daniel R. Carroll, Andre Victor D. Luduvice, and Eric R. Young entitled "A Note on Aggregating Preferences for Redistribution."

Here are excerpts:

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The policy predictions of standard heterogeneous agent macroeconomic models are often at odds with observed policies. We use the 2021 General Social Surv . . .

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