• Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change 

      Hambel, Christoph; Kraft, Holger; Schwartz, Eduardo S. (2018-09-24)
      This paper studies a dynamic stochastic general equilibrium model involving climate change. Our framework allows for feedback effects on the temperature dynamics. We are able to match estimates of future temperature ...
    • When Should Retirees Tap Their Home Equity? 

      Hambel, Christoph; Kraft, Holger; Meyer-Wehmann, André (2020-10-28)
      This paper studies a household’s optimal demand for a reverse mortgage. These contracts allow homeowners to tap their home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a ...