WASHINGTON, July 6 (TNSLrpt) -- The Federal Reserve issued the following white paper abstract (No. 2026-046) in June 2026 by Bence Bardoczy, Akshay Shanker, and Mateo Velasquez-Giraldo, entitled "Sequence-Space Jacobians of Life-Cycle Models".

Here are excerpts:

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Advances in perturbation methods have accelerated the adoption of heterogeneous-agent models in macroeconomics.1 The literature identifies dimensions of household heterogeneity that . . .

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