Upload File

intertemporal substitution in consumption

19

Upload: trinhkhue

Post on 09-Jan-2017

232 views

Category:

Documents


0 download

Report

TRANSCRIPT

Page 1: intertemporal Substitution in Consumption
Page 2: intertemporal Substitution in Consumption
Page 3: intertemporal Substitution in Consumption
Page 4: intertemporal Substitution in Consumption
Page 5: intertemporal Substitution in Consumption
Page 6: intertemporal Substitution in Consumption
Page 7: intertemporal Substitution in Consumption
Page 8: intertemporal Substitution in Consumption
Page 9: intertemporal Substitution in Consumption
Page 10: intertemporal Substitution in Consumption
Page 11: intertemporal Substitution in Consumption
Page 12: intertemporal Substitution in Consumption
Page 13: intertemporal Substitution in Consumption
Page 14: intertemporal Substitution in Consumption
Page 15: intertemporal Substitution in Consumption
Page 16: intertemporal Substitution in Consumption
Page 17: intertemporal Substitution in Consumption
Page 18: intertemporal Substitution in Consumption
Page 19: intertemporal Substitution in Consumption

Intertemporal Labor Supply Substitution? Evidence from the ...conference.iza.org/conference_files/transatlantic... · cycle models require a very large Frisch elasticity in excess

INTERTEMPORAL SUBSTITUTION AND RISK …larspeterhansen.org/wp-content/uploads/2016/10/...be modified without altering intertemporal substitution. We characterize the impact of changing

Subjective Intertemporal Substitution...Subjective Intertemporal Substitution Richard K. Crump, Stefano Eusepi, Andrea Tambalotti, and Giorgio Topa Federal Reserve Bank of New York

THREE ESSAYS IN ESTIMATING INTERTEMPORAL … · 2013. 1. 22. · Essay 2 Estimating the Intertemporal Substitution Elasticity of Employed Males with Home Production Using Three Time

INTERTEMPORAL SUBSTITUTION AND RISK AVERSIONpages.stern.nyu.edu/~dbackus/BCZ/HansenHeatonRoussanovLee_ha… · 3970 L.P. Hansen et al. 1. Introduction Households save and invest both

Long-run Consumption Risk and Asset Allocation under ...people.virginia.edu/~ey2d/EZRiPortfolio10k.pdf · intertemporal substitution for portfolio choice. 2.1. Specification and

Estimating Intertemporal Elasticity of Substitution: …/media/richmondfedorg/publications/... · ESTIMATING INTERTEMPORAL ELASTICITY OF SUBSTITUTION: THE CASE OF LOG-LINEAR RESTRICTIONS

Intertemporal substitution and recursive smooth ambiguity preferences - Boston …people.bu.edu/miaoj/hayashimiao.pdf · 2011. 9. 25. · Theoretical Economics 6 (2011) Substitution

Multistage Stochastic Programming: A Modeling and ... · Markov Decision Process, or Multistage Stochastic Programming, or Intertemporal Consumption, or Life-Cycle Consumption, or

Intertemporal Substitution, Risk Aversion and Ambiguity …pages.stern.nyu.edu/~dbackus/Exotic/1Ambiguity/Hayashi EZ...Intertemporal Substitution, Risk Aversion and Ambiguity Aversion

What does consumption tell us about inflation expectations ...€¦ · utility functions: time preference, risk aversion, intertemporal substitution, durability and envy. Therefore,

Intertemporal Substitution in a Monetary Framework

INTERTEMPORAL SUBSTITUTION AND RISK AVERSION · chapter 61 intertemporal substitution and risk aversion* lars peter hansen, john heaton, junghoon lee and nikolai roussanov university

NBER WORKING PAPER SERIES ESTIMATING MODELS WITH INTERTEMPORAL SUBSTITUTION … ·  · 2004-06-07ESTIMATING MODELS WITH INTERTEMPORAL SUBSTITUTION USING ... Estimating Models with

The Role of Risk Aversion and Intertemporal Substitution ... · Dynamic Consumption-Portfolio Choice with Recursive Utility ... Epstein and Zin, 1989), in contrast to ex-pected utility

I. Intertemporal Exchange Model: Outline Objects of …faculty.washington.edu/ezivot/econ422/422bfisher.pdf · The Fisher Model zModel of intertemporal choice involving consumption

Intertemporal Substitution in Labor Force Participation ... Substitution in Labor Force Participation: Evidence from Policy Discontinuities Dayanand Manoli UCLA & NBER Andrea Weber

Chapter 9 The intertemporal consumption-saving problem in ...web.econ.ku.dk/okocg/VM/VM-general/Kapitler til bog/Ch9-2016-1.pdf · Chapter 9 The intertemporal consumption-saving problem

Intertemporal Substitution and Risk Aversionpages.stern.nyu.edu/~dbackus/GE_asset_pricing... · 2007-10-04 · Risk premia in security returns provide compensation for risk averse

Risk Aversion, Intertemporal Substitution, and the ... · Risk aversion, intertemporal substitution, and the aggregate investment-uncertainty relationship Enrico Saltariy, Davide

INTERTEMPORAL ASSET PRICING WITHOUT CONSUMPTION …

Intertemporal Elasticity of Substitution with Leisure …...1 Intertemporal Elasticity of Substitution with Leisure Margin† Takeshi Yagihashi* and Juan Du** First draft: March 2016

Labour supply and intertemporal substitution*uctp39a/BlundellMeghirNevesJoE1994.pdf · R. Blundell et al., Labour supply and intertemporal substitution 139 robust to the determinants

International Trade and Intertemporal Substitution

Intertemporal Elasticity of Substitution and Risk Aversion

Lecture Notes in Macroeconomicsweb.econ.ku.dk/okocg/MAT-OEK/MakØk2/MakØk2-2015...CONTENTS v 5.4 Intertemporal substitution of labor supply . . . . . . . . . . . . . 196 5.5 Literature

Saddles and Bifurcations in an Overlapping Generations ...jultika.oulu.fi/files/nbnfi-fe200802011065.pdf · of the intertemporal elasticity of substitution in consumption. If it is

Chapter 9 Solving the intertemporal consumption/saving ... · 328 CHAPTER 9. SOLVING THE INTERTEMPORAL CONSUMPTION/-SAVING PROBLEM IN DISCRETE AND CONTINUOUS TIME household operates

intertemporal Decisions of Farmers Risk Management papermodel. Knapp and Olson (1996) used GEU to solve dynamic resource management problems. They found intertemporal substitution

Intertemporal Substitution in Consumption€¦ · \\althl ;tald ha\ c1 0io kl,ln.ic t l ;caltlhl. thcir o 'Ilhcic is illoic credit rationing ill mid(le-CO.IIIiU ptoli k 1 t Fited1t(o

Intertemporal Substitution in Macroeconomics N. Gregory ...people.hbs.edu/jrotemberg/PublishedArticles/IntertemporalSubstit... · Mankiw [I9811 show how to test the overidentifying

Disclosure Manipulation and Elasticity of Intertemporal Substitution · 2012-05-09 · Disclosure Manipulation and Elasticity of Intertemporal Substitution Kim, Jabonn∗ January

Estimating the Intertemporal Substitution Elasticity · Estimating the Intertemporal Substitution Elasticity Introduction The Elasticity of Intertemporal Substitution (eis), a key

INTERTEMPORAL CHOICE AND CONSUMPTION MOBILITYpista/mobil.pdf · 2006-11-15 · “zwu001060309” — 2006/1/24 — page 77 — #3 Jappelli and Pistaferri Intertemporal Choice and

L11 Intertermporal Choice II. Intertemporal Choice u Two periods: u Consumption smoothing u Today: Many periods