A New Interpretation of the Condition for Precautionary Saving in the Presence of an Interest-Rate Risk

This note reconsiders the classical problem of precautionary saving in the presence of an interest-rate risk, and provides a new interpretation of the threshold of 2 for the relative prudence index, which characterizes the necessary and sufficient condition for precautionary saving

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Year of publication:	2016
Authors:	Magnani, Marco
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Sparen \| Savings \| Vorsichtssparen \| Precautionary saving \| Nutzenfunktion \| Utility function \| Risiko \| Risk \| Risikoaversion \| Risk aversion
Description of contents:	Abstract [papers.ssrn.com] ; Abstract [doi.org]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 16, 2015 erstellt Volltext nicht verfügbar
Other identifiers:	10.2139/ssrn.2691342 [DOI]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; E21 - Consumption; Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013002975