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Estimating the elasticity of intertemporal substitution taking into account the precautionary savings motive

Gomes, Fábio A.; Ribeiro, Priscila Fernandes - In: Journal of macroeconomics 45 (2015), pp. 108-123

Persistent link: https://www.econbiz.de/10011577850

Consumption in South America : myopia or liquidity constraints?

Gomes, Fábio A.; Paz, Lourenço Senne - In: Economia aplicada : EA 14 (2010) 2, pp. 129-145

Persistent link: https://www.econbiz.de/10008902560

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

Consumption in South America : myopia or liquidity constraints?

Paz, Lourenço Senne (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003764494

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. It is usually estimated by means of the consumer’s Euler Equation using an instrumental variable approach, and the estimates are usually zero or close to zero. Nevertheless,...

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