Search Results - subject:"Intertemporal Substitution"

Government Finance in the Wake of Currency Crises

Burnside, Craig; Eichenbaum, Martin; Rebelo, Sergio - University of Rochester - Center for Economic Research … - 2003

This paper addresses two questions: (i) how do governments actually pay for the fiscal costs associated with currency crises; and (ii) what are the implications of different financing methods for post-crisis rates of inflation and depreciation? We study these questions using a general...

Persistent link: https://www.econbiz.de/10005808163

Precautionary Saving and Consumption Smoothing Across Time and Possibilities

Kimball, Miles; Weil, Philippe - Department of Economics, Sciences économiques - 2003

This Paper examines how aversion to risk and aversion to intertemporal substitution determines the strength of the … risk aversion, regardless of the elasticity of intertemporal substitution. Holding risk preferences fixed, the extent to … elasticity of intertemporal substitution, constant-relative risk aversion utility functions, these conditions are also necessary. …

Persistent link: https://www.econbiz.de/10010757043

Transfer programs under alternative insurance schemes and liquidity constraints

Bianconi, Marcelo - In: The Journal of International Trade & Economic Development 20 (2011) 2, pp. 175-197

aversion separate from intertemporal substitution. We apply the model to study the effect of one-size-fits-all transfers. We … measures of risk aversion and intertemporal substitution. …

Persistent link: https://www.econbiz.de/10009219546

Recreation, home production, and intertemporal substitution of female labor supply: evidence on the intensive margin

Chapela, Jorge Gonzalez - In: Review of Economic Dynamics 14 (2011) 3, pp. 532-548

presents new estimates of the wage intertemporal substitution elasticity (ISE) for the intensive margin of female labor supply …

Persistent link: https://www.econbiz.de/10009002153

Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective

Guvenen, M. Fatih - University of Rochester - Center for Economic Research … - 2002

This paper attempts to reconcile two opposing views about the elasticity of intertemporal substitution in consumption …

Persistent link: https://www.econbiz.de/10005698164

Intertemporal substitution and recursive smooth ambiguity preferences

Miao, Jianjun; Hayashi, Takashi - Department of Economics, Boston University - 2010

separation among intertemporal substitution, risk aversion, and ambiguity aversion. We axiomatize this model using two approaches …

Persistent link: https://www.econbiz.de/10010779495

At the nexus of risk and time preferences: An experimental investigation

Coble, Keith; Lusk, Jayson - In: Journal of Risk and Uncertainty 41 (2010) 1, pp. 67-79

Persistent link: https://www.econbiz.de/10008526466

Intertemporal Substitution in the Time Allocation of Married Women

Yamada, Ken - School of Economics, Singapore Management University - 2010

due to heterogeneity, measurement error, weak instruments, and missing data, the estimates of intertemporal substitution …

Persistent link: https://www.econbiz.de/10008725931

The labor-supply elasticity and borrowing constraints: Why estimates are biased

Domeij, David; Flodén, Martin - 2001

The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying previous econometric estimates of the intertemporal labor supply elasticity are inconsistent with incomplete markets economies. In particular, if the econometrician ignores...

Persistent link: https://www.econbiz.de/10010281242

The labor-supply elasticity and borrowing constraints: Why estimates are biased

Domeij, David; Floden, Martin - Economics Institute for Research (SIR), … - 2001

Because intertemporal substitution of labor is a central element in most models used by macroeconomists today (some version of … whether it is an important determinant of labor supply. 1 If the intertemporal substitution is important for labor … Elasticity of Intertemporal Substitution: The Role of Limited Stock Market Participation”, GSIA Working Pa- per 2000-E26 …

Persistent link: https://www.econbiz.de/10005423882