Search Results - subject:"elasticity of intertemporal substitution"

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

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

Is the elasticity of intertemporal substitution constant?

Crossley, Thomas; Low, Hamish - Institute for Fiscal Studies (IFS) - 2005

IS THE ELASTICITY OF INTERTEMPORAL SUBSTITUTION CONSTANT? Thomas F. Crossley Hamish W. Low … THE INSTITUTE FOR FISCAL STUDIES WP25/05 Is the Elasticity of Intertemporal Substitution Constant? Thomas F. Crossley … assumption is rejected by demand data. Keywords: elasticity of intertemporal substitution, demand systems JEL Classi cation: D91 …

Persistent link: https://www.econbiz.de/10005509462

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, Thomas F.; Low, Hamish W. - Department of Economics, McMaster University - 2005

Persistent link: https://www.econbiz.de/10005635313

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, Thomas F.; Low, Hamish W. - Department of Economics, McMaster University - 2005

Persistent link: https://www.econbiz.de/10005763322

Unexploited Connections Between Intra- and Inter-temporal Allocation

Crossley, T.F.; Low, H.W. - Faculty of Economics, University of Cambridge - 2005

Persistent link: https://www.econbiz.de/10005113888