Hi Ryan and thanks for your edits and comments,<br /><br />Just FYI, their is an important difference between monetary and fiscal policies. The former is the Fed's adjustment of interest rates in&nbsp; the economy. The latter is government's taxation and spending.<br /><br />So I am going to adopt the following sentence: <br /><br /><em>Additionally, by considering the interaction between monetary and fiscal&nbsp;policies in the context of asymmetric borrowing limits and tax devaluations...</em>
<p><em>&nbsp;<a href="#_msoanchor_1">[RS1]</a>Is there a technical difference of monetary and fiscal? Seems unnecessary to use both words to me.</em></p>
<br />Per your second comment:<br /><br /><em>Another research topic that has recently gained prominence in macro is the heterogeneity of agents and firms. I would like to incorporate the former&nbsp;form of heterogeneity in my analysis to examine relationships between inequality and regional fiscal policies.</em>
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<p><em>&nbsp;<a href="#_msoanchor_1">[RS1]</a>It&rsquo;s unclear to me what the former is here. The closest I can find is the heterogeneity of agents. Is that what you mean?</em></p>
<br />Yes, you guessed correctly, but I want to be as clear as possible. Thanks for pointing this out. What do you think about this:<br /><br />Another research topic that has recently gained prominence in macro is the heterogeneity of agents and firms. I would like to incorporate heterogeneous agents in my analysis to examine relationships between inequality and regional fiscal policies. Enriching my research framework with firm heterogeneity&nbsp;and producer entry&nbsp;would open a path to the study of fiscal policy in a union with firm dynamics. I am excited to pursue both of these extensions.<br /><br />Thanks in advance and I will be submitting another portion soon,<br />V