HANS: A Heterogeneous-Agent model Nonlinear Solver

Contents

  • Home
  • Related Heterogenous Agent Toolkits
  • Getting Started: Krusell and Smith (1998)
  • Solving for Non-linear Transitions: Forward Guidance under ZLB (McKay, Nakamura, Steinsson, 2016)
  • Handling Portfolio Choices: Two-asset HANK (Auclert et al, 2021)
  • Handling Non-convex Adjustment Costs: Khan and Thomas (2008)
  • The Algorithm
  • Toolbox API Reference
  • How to Contribute Examples
HANS: A Heterogeneous-Agent model Nonlinear Solver
  • Related Heterogenous Agent Toolkits

Related Heterogenous Agent Toolkits

The field of quantitative heterogeneous-agent modeling is fortunate to have a diverse selection of exceptional toolboxes and code templates. These valuable resources offer a range of model specializations, programming languages, algorithms, and user interfaces. Here is an incomplete list of these tools (please let us know if you are aware of related tools that should be featured in the list, and we will add them):

  • Discrete Time Heterogeneous Agent Models

    • GDSGE

    • Econ-ARK

    • The Paper and Toolkit by Thomas Winberry

    • Sequence Space Jacobian

    • BASEforHANK

  • Continuous Time Heterogeneous Agent Models

    • The Collection of Codes by Benjamin Moll

    • PHACT

Following Dynare and project GDSGE, we’ve embraced an automatic code generation strategy based on a model script file. This approach complements existing toolkits that emphasize code templates and supporting functions for model solutions. We believe our method offers a valuable addition to the researcher’s toolkit, and we’re excited to collaborate with the community to enhance the capabilities within the field of heterogeneous-agent modeling.

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© Copyright 2023, Jinhui Bai, Wenlan Luo and Pengfei Wang.

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