Search Results - subject:"Intertemporal substitution"

ON THE PRICE OF RECREATION GOODS AS A DETERMINANT OF MALE LABOR SUPPLY

González-Chapela, Jorge - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2007

Metropolitan Area-level price indices of recreation goods to estimate the male elasticity of intertemporal substitution of market …

Persistent link: https://www.econbiz.de/10005731272

Monetary policy and core inflation

Lenza, Michele - 2007

This paper studies optimal monetary policy responses in an economy featuring sectorial heterogeneity in the frequency of price adjustments. It shows that a central bank facing heterogeneous nominal rigidities is more likely to behave less aggressively than in a fully sticky economy. Hence, the...

Persistent link: https://www.econbiz.de/10011604883

INTERTEMPORAL SUBSTITUTION IN CONSUMPTION, LABOR SUPPLY ELASTICITY AND SUNSPOT FLUCTUATIONS IN CONTINUOUS-TIME MODELS

Garnier, Jean-Philippe; Nishimura, Kazuo; Venditti, Alain - HAL - 2007

The aim of his paper is to discuss the roles of the elasticity of intertemporal substitution in consumption and the … fluctuations is obtained if and only if the elasticity of intertemporal substitution in consumption is large enough but the … intertemporal substitution in consumption is infinite, labor does not have any influence on the local stability properties of the …

Persistent link: https://www.econbiz.de/10008793403

Theoretical aspects of long-term evaluation in environmental economics

Traeger, Christian - 2006

The present work is dedicated to theoretical aspects of long-term evaluation with a focus on time and uncertainty structure. Motivated along the lines of global warming, the analysis renders contributions to the fields of environmental economics, decision theory, the economics of sustainability...

Persistent link: https://www.econbiz.de/10009476176

A Note on the Relation between Risk Aversion, Intertemporal Substitution and Timing of the Resolution of Uncertainty

Etner, Johanna - In: Annals of Economics and Finance 7 (2006) 2, pp. 251-256

Epstein and Zin (1989) axiomatization allows the distinction between risk aversion and intertemporal substitution …

Persistent link: https://www.econbiz.de/10009228648

Estimating the elasticity of intertemporal substitution: Is the aggregate financial return free from the weak instrument problem?

Gomes, Fábio Augusto Reis; Paz, Lourenço S. - In: Journal of Macroeconomics 36 (2013) C, pp. 63-75

The elasticity of intertemporal substitution (EIS) is one of the key parameters in the Economics and Finance literature …

Persistent link: https://www.econbiz.de/10011065320

A robust test for weak instruments

Olea, José Luis Montiel; Pflueger, Carolin - In: Journal of business & economic statistics : JBES ; a … 31 (2013) 3, pp. 358-369

Persistent link: https://www.econbiz.de/10009785968

Estimating the elasticity of intertemporal substitution : is the aggregate financial return free from the weak instrument problem?

Gomes, Fábio A.; Paz, Lourenço Senne - In: Journal of macroeconomics 36 (2013), pp. 63-75

Persistent link: https://www.econbiz.de/10009751142

Unexploited connections between intra- and inter-temporal allocation

Crossley, Thomas F.; Low, Hamish W. - 2005

This paper shows that a power utility specification of preferences over total expenditure (ie. CRRA preferences) implies that intratemporal demands are in the PIGL/PIGLOG class. This class generates (at most) rank two demand systems and we can test the validity of power utility on cross-section...

Persistent link: https://www.econbiz.de/10010293087

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, Thomas F; Low, Hamish W - 2005

Persistent link: https://www.econbiz.de/10009442004