My current research focuses on computational methods to approximate equilibria of dynamic stochastic general equilibrium models with large numbers of heterogeneous agents. Early applications are to critical questions in optimal fiscal policy: studying, in the presence of significant heterogeneity, how debt, labor tax rates, and capital tax rates should behave over the business cycle and in the long run.  Additional joint work has studied how fiscal hedging considerations should affect a government’s long-term debt and tax policies.



Department of Economics
438 PLC
1285 University of Oregon
Eugene, OR 97403-1285


devans [at]