{"id":1593,"date":"2025-06-02T10:32:55","date_gmt":"2025-06-02T13:32:55","guid":{"rendered":"https:\/\/www.economicas.uba.ar\/iiep\/?post_type=tribe_events&#038;p=1593"},"modified":"2025-06-02T10:32:55","modified_gmt":"2025-06-02T13:32:55","slug":"how-aggregate-uncertainty-shapes-the-spatial-economy","status":"publish","type":"tribe_events","link":"https:\/\/economicas.uba.ar\/iiep\/eventos\/how-aggregate-uncertainty-shapes-the-spatial-economy\/","title":{"rendered":"How Aggregate Uncertainty Shapes the Spatial Economy"},"content":{"rendered":"<p><strong>Seminario de Investigaci\u00f3n del IIEP<\/strong><\/p>\n<p>How Aggregate Uncertainty Shapes the Spatial Economy<\/p>\n<p>Expositor |\u00a0<strong>Peter H. Egger<\/strong>\u00a0|\u00a0\u00a0ETH Zurich<\/p>\n<p><strong>Abstract<\/strong><\/p>\n<p>This paper develops a dynamic spatial equilibrium model of a multi-region, multi-sector open economy where heterogeneous agents optimally choose their job, making forward-looking decisions under aggregate uncertainty. We propose a solution of the system of individual dynamic optimal-control problems under rational expectations as a Mean Field Game, in discrete time and state space, preserving the full nonlinear structure of the problem. Using a calibration for France, we demonstrate that welfare outcomes and the spatial distribution of labor differ systematically from those under perfect foresight. Accounting for decisions made under aggregate uncertainty significantly reshapes the patterns of labor reallocation, both during transitions and in the long run.<\/p>\n<p>Autores | Peter H. Egger, Katharina Erhardt, Davide Suverato<\/p>\n<p>Lugar | FCE-UBA | Aula 237<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seminario de Investigaci\u00f3n del IIEP How Aggregate Uncertainty Shapes the Spatial Economy Expositor |\u00a0Peter H. Egger\u00a0|\u00a0\u00a0ETH Zurich Abstract This paper develops a dynamic spatial equilibrium model of a multi-region, multi-sector<\/p>\n","protected":false},"author":2,"featured_media":1594,"template":"","meta":{"_tribe_events_status":"","_tribe_events_status_reason":"","footnotes":""},"tags":[],"tribe_events_cat":[],"class_list":["post-1593","tribe_events","type-tribe_events","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Aggregate Uncertainty Shapes the Spatial Economy - IIEP UBA-CONICET<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicas.uba.ar\/iiep\/eventos\/how-aggregate-uncertainty-shapes-the-spatial-economy\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Aggregate Uncertainty Shapes the Spatial Economy - IIEP UBA-CONICET\" \/>\n<meta property=\"og:description\" content=\"Seminario de Investigaci\u00f3n del IIEP How Aggregate Uncertainty Shapes the Spatial Economy Expositor |\u00a0Peter H. 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