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Year of publication
Subject
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Time consistency 1,840 Zeitkonsistenz 1,770 Theorie 1,264 Theory 1,252 Monetary policy 412 Geldpolitik 410 Intertemporal choice 300 Intertemporale Entscheidung 299 Discounting 211 Diskontierung 208 Fiscal policy 154 time consistency 152 Finanzpolitik 151 Game theory 133 Spieltheorie 133 Portfolio selection 130 Portfolio-Management 128 Experiment 117 Präferenztheorie 111 Theory of preferences 110 Credibility 100 Glaubwürdigkeit 93 Regelbindung versus Diskretion 83 Rules versus discretion 83 Time-consistency 82 Optimale Besteuerung 81 Optimal taxation 80 Time Consistency 77 Consumer behaviour 76 Konsumentenverhalten 76 Public debt 75 Öffentliche Schulden 75 Time inconsistency 72 Risk 70 Risiko 69 Behavioral economics 66 Verhaltensökonomik 66 USA 65 United States 65 Inflation 62
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Online availability
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Free 902 Undetermined 517
Type of publication
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Book / Working Paper 1,177 Article 966 Other 2
Type of publication (narrower categories)
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Article in journal 836 Aufsatz in Zeitschrift 836 Working Paper 603 Arbeitspapier 570 Graue Literatur 568 Non-commercial literature 568 Aufsatz im Buch 47 Book section 47 Hochschulschrift 36 Thesis 29 Collection of articles written by one author 19 Sammlung 19 Collection of articles of several authors 7 Sammelwerk 7 Conference paper 6 Konferenzbeitrag 6 Bibliografie enthalten 5 Bibliography included 5 Article 3 Forschungsbericht 3 Konferenzschrift 3 Aufsatzsammlung 1 Conference Paper 1 Dissertation u.a. Prüfungsschriften 1 Rezension 1
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Language
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English 1,868 Undetermined 220 German 41 French 7 Italian 4 Spanish 4 Swedish 1
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Author
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Kehoe, Patrick J. 26 Svensson, Lars E. O. 20 Dennis, Richard J. 18 Chari, Varadarajan V. 17 Persson, Torsten 17 Wohltmann, Hans-Werner 17 Karp, Larry S. 16 Konrad, Kai A. 16 Strulik, Holger 16 Teles, Pedro 16 Caliendo, Frank 15 Marimon, Ramon 15 Debortoli, Davide 14 Rohde, Kirsten I. M. 14 Bier, Monika 13 Giovannetti, Giorgia 13 Lambertini, Luca 13 Aase, Knut K. 12 Findley, T. Scott 12 Mendoza, Enrique G. 12 Yared, Pierre 12 Blake, Andrew P. 11 Díaz-Giménez, Javier 11 Kirsanova, Tatiana 11 Martin, Fernando M. 11 Persson, Mats 11 Poutvaara, Panu 11 Andreoni, James 10 Athey, Susan 10 Atkeson, Andrew 10 Clausen, Volker 10 Dennis, Richard 10 Fang, Hanming 10 Halevy, Yoram 10 Li, Duan 10 Albanesi, Stefania 9 Cui, Xiangyu 9 Engelage, Daniel 9 Krusell, Per 9 Marsiliani, Laura 9
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Institution
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National Bureau of Economic Research 39 C.E.P.R. Discussion Papers 29 Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 11 Society for Economic Dynamics - SED 9 Nobel Prize Committee 7 CESifo 4 Centre for Dynamic Macroeconomic Analysis, University of St. Andrews 4 Department of Economics, Adam Smith Business School 4 Department of Economics, Oxford University 4 Institut für Mathematische Wirtschaftsforschung, Universität Bielefeld 4 Society for Computational Economics - SCE 4 Centre for Economic Research, School of Economics and Management Studies 3 Department of Economics, Boston College 3 EconWPA 3 Facultat d'Economia i Empresa, Universitat de Barcelona 3 HAL 3 Innocenzo Gasparini Institute for Economic Research <Mailand> 3 Institutet för Internationell Ekonomi <Stockholm> 3 Scottish Institute for Research in Economics (SIRE) 3 Vancouver School of Economics 3 Center for Financial Studies 2 Christian-Albrechts-Universität zu Kiel / Institut für Volkswirtschaftslehre 2 Cowles Foundation for Research in Economics, Yale University 2 Crawford School of Public Policy, Australian National University 2 Department of Agricultural and Resource Economics, University of California-Berkeley 2 Department of Economics and Business, Universitat Pompeu Fabra 2 Department of Economics, Simon Fraser University 2 European University Institute / Department of Economics 2 Faculty of Economics, University of Cambridge 2 Federal Reserve Bank of Minneapolis / Research Department 2 Federal Reserve Bank of Richmond 2 Fondazione ENI Enrico Mattei (FEEM) 2 Graduate School of Economics, Osaka University 2 Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät 2 Institute for International Economic Studies (IIES), Stockholms Universitet 2 Institute of Business and Economic Research (IBER), Walter A. Haas School of Business 2 Sackler Institute of Economic Studies <Tēl-Āvîv> 2 Sloan School of Management, Massachusetts Institute of Technology (MIT) 2 Suntory-Toyota International Centre for Economics and Related Disciplines 2 Tilburg University, Center for Economic Research 2
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Published in...
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Insurance / Mathematics & economics 39 Working paper / National Bureau of Economic Research, Inc. 39 NBER working paper series 38 NBER Working Paper 36 Discussion paper / Centre for Economic Policy Research 31 CEPR Discussion Papers 29 Journal of economic dynamics & control 29 Economics letters 27 Journal of economic theory 24 CESifo working papers 22 Journal of economic behavior & organization : JEBO 21 Games and economic behavior 20 Journal of monetary economics 19 Working paper 19 Finance and stochastics 16 Discussion paper series / IZA 15 Economic theory : official journal of the Society for the Advancement of Economic Theory 14 European economic review : EER 14 European journal of operational research : EJOR 14 Journal of mathematical economics 14 Theory and decision : an international journal for multidisciplinary advances in decision science 14 Macroeconomic dynamics 13 CESifo Working Paper Series 12 Economic modelling 11 International game theory review 11 MPRA Paper 11 Review of economic dynamics 11 Management science : journal of the Institute for Operations Research and the Management Sciences 10 The American economic review 10 Discussion paper 9 Discussion paper / Department of Business and Management Science 9 Econometrica : journal of the Econometric Society, an internat. society for the advancement of economic theory in its relation to statistics and mathematics 9 Journal of public economics 9 Mathematical finance : an international journal of mathematics, statistics and financial theory 9 CAMA working paper series 8 Cege discussion paper 8 Journal of environmental economics and management : JEEM ; the official journal of the Association of Environmental and Resource Economists 8 Journal of risk and uncertainty : JRU 8 Staff report / Research Department, Federal Reserve Bank of Minneapolis 8 Department of Economics discussion paper series / University of Oxford 7
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Source
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ECONIS (ZBW) 1,823 RePEc 277 EconStor 37 BASE 6 ArchiDok 1 USB Cologne (EcoSocSci) 1
Showing 1 - 50 of 2,145
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Fix vs. float : evaluating the transition to a sustainable equilibrium in Bolivia
González, Andrés; Jafarov, Etibar; Rodríguez, Diego; … - 2022
Bolivia has achieved noteworthy success over the past 15 years in raising incomes, reducing poverty, and maintaining macroeconomic stability by deploying commodity revenues to finance transfers, public investment, and state-led development, using an exchange rate peg as a policy anchor. However,...
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Credible forward guidance
Nakata, Taisuke; Sunakawa, Takeki - 2022
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A theory of dynamic inflation targets
Clayton, Christopher; Schaab, Andreas - 2022
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Optimal monetary policy with heterogeneous agents in Iran : 1989-2017 : a model based on time consistency problem
Kanour, Roya; Rad, Abbas Alavi; Akbar, Akbar Akbari Moghadam - In: Iranian economic review : journal of University of Tehran 25 (2021) 3, pp. 535-550
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Commonotonicity and time-consistency for Lebesgue-continuous monetary utility functions
Delbaen, Freddy - In: Finance and stochastics 25 (2021) 3, pp. 597-614
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Role of time preferences in explaining the burden of malnutrition : evidence from urban India
Dang, Archana - 2020
This study uses a simple theory model to examine how time preferences influence food choices made by individuals, which in turn have implications for their future health. The theory results demonstrate that individuals with higher bias for the present or lower patience will have poorer health...
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Fiscal dominance
Martin, Fernando M. - 2020
Who prevails when fiscal and monetary authorities disagree about the value of public expenditure and how much to discount the future? When the fiscal authority sets debt as its main policy instrument it achieves fiscal dominance, rendering the preferences of the central bank, and thus its...
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Monetary policy when preferences are quasi-hyperbolic
Dennis, Richard J.; Kirsanov, Oleg - 2020
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Monetary policy when preferences are quasi-hyperbolic
Dennis, Richard J.; Kirsanov, Oleg - 2020
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Rational addiction and time consistency : an empirical test
Piccoli, Luca; Tiezzi, Silvia - 2020
This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its derived demand equation is not empirically distinguishable from models with forward looking behavior, but with time inconsistent preferences. The implication is that, even when...
Persistent link: https://ebtypo.dmz1.zbw/10012160910
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Private Information and Optimal Infant Industry Protection
Ravikumar, B.; Riezman, Raymond G.; Zhang, Yuzhe - 2022
We study infant industry protection using a dynamic model in which the industry's cost is initially higher than that of foreign competitors. The industry can stochastically lower its cost via learning by doing. Whether the industry has transitioned to low cost is private information. We use a...
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The incredible Taylor principle
Neumeyer, Pablo Andrés; Nicolini, Juan Pablo - 2022
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Time inconsistency and overdraft use : evidence from transaction data and behavioral measurement experiments
Gill, Andrej; Hett, Florian; Tischer, Johannes - 2022
Households regularly fail to make optimal financial decisions. But what are the underlying reasons for this? Using two conceptually distinct measures of time inconsistency based on bank account transaction data and behavioral measurement experiments, we show that the excessive use of bank...
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Private information and optimal infant industry protection
Ravikumar, B.; Riezman, Raymond Glenn; Zhang, Yuzhe - 2022
We study infant industry protection using a dynamic model in which the industry's cost is initially higher than that of foreign competitors. The industry can stochastically lower its cost via learning by doing. Whether the industry has transitioned to low cost is private information. We use a...
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How time-inconsistent preferences influence venture capital exit decisions? : a new perspective for grandstanding
Li, Yanzhao; Guo, Ju'e; Sun, Shaolong; Li, Yongwu - In: Financial innovation : FIN 8 (2022), pp. 1-24
Considering that the assumption of time consistency does not adequately reveal the mechanisms of exit decisions of venture capital (VC), this study proposes two kinds of time-inconsistent preferences (i.e., time-flow inconsistency and time-point inconsistency) to advance research in this field....
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Private information and optimal infant industry protection
Ravikumar, B.; Riezman, Raymond Glenn; Zhang, Yuzhe - 2022
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Capital and labor taxes with costly state contingency
Clymo, Alex; Lanteri, Andrea; Villa, Alessandro T. - 2022
We analyze optimal capital and labor taxes in a model where (i) the government makes noncontingent announcements about future policies and (ii) ex-post statecontingent deviations from these announcements are costly. With Full Commitment, optimal fiscal announcements are unbiased forecasts of...
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Kantian optimization with quasi-hyperbolic discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...
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Lanchester duopoly model revisited : advertising competition under time inconsistent preferences
Lu, Lijue; Navas, Jorge - In: Journal of the Operational Research Society 73 (2022) 2, pp. 244-260
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A note on time inconsistency and endogenous exits from a currency union
Saito, Yuta - In: Games 13 (2022) 2, pp. 1-8
This paper investigates the effects of members' exits from a currency union on the credibility of the common currency. In our currency union model, the inflation rate of the common currency is determined by majority voting among N member countries that are heterogeneous with respect to their...
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Time inconsistency and overdraft use : evidence from transaction data and behavioral measurement experiments
Gill, Andrej; Hett, Florian; Tischer, Johannes - 2022
Households regularly fail to make optimal financial decisions. But what are the underlying reasons for this? Using two conceptually distinct measures of time inconsistency based on bank account transaction data and behavioral measurement experiments, we show that the excessive use of bank...
Persistent link: https://ebtypo.dmz1.zbw/10013172575
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The optimality of inflation targeting: the scope of hyperbolic discounting
Maeda, Daiki - 2022
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Present bias and externalities : can government intervention raise welfare?
Kotsogiannēs, Chrēstos; Schwager, Robert - In: The Canadian journal of economics : the journal of the … 55 (2022) 3, pp. 1480-1506
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Government debt management and inflation with real and nominal bonds
Schmid, Lukas; Valaitis, Vytautas; Villa, Alessandro T. - 2022
In the wake of rising inflation in the aftermath of unprecedented debt financed stimulus packages, we ask: Can governments use real bonds (TIPS) as part of their debt portfolio to commit to stable inflation rates? We propose a novel framework of optimal debt management in the presence of sticky...
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General equilibrium and dynamic inconsistency
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others' naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...
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Identification of dynamic discrete choice models with hyperbolic discounting using a terminating action
Wang, Chao; Weiergraeber, Stefan; Xiao, Ruli - 2022
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Kantian optimization with quasi-hyperbolic discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
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Optimal deficit-spending in a liquidity trap with long-term government debt
De Beauffort, Charles - 2022
When the government issues long-term bonds, the optimal time-consistent fiscal and monetary policy is to consolidate debt in a liquidity trap by increasing taxes and by taming public spending. This prescription is at odds with large deficit-spending undertaken in the US during previous liquidity...
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Timing and Time Inconsistency in Search Models
Pei, Yun; Xie, Zoe - 2022
We study how timing assumption matters for the commitment problem and time inconsistency in search models with unemployment insurance. We analyze the Markov equilibrium without commitment and the Ramsey policy with commitment under two different timings. The first timing is where consumption...
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Time-Inconsistency, Precommitment and Equilibrium Strategies for a Stackelberg Game
Zhou, Zhou - 2022
We consider a Stackelberg game in discrete time where a manager (leader) hires an agent (follower) for the completion of a project. The project has two states: either uncompleted or completed. The manager gets a fixed reward upon the completion of the project. At the beginning of each stage...
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Time-Consistent Investment and Contribution Adjustment Strategies for a Multi-Cohorts Db Pension Plan Under Smooth Ambiguity Utility
Rong, Ximin; Wang, Peiqi; Wang, Suxin; Zhao, Hui - 2022
In this paper, we consider the optimal investment and contribution adjustment problem for a multi-cohorts DB pension plan in an environment with parameter uncertainty. Preferences towards risk and ambiguity are modeled using the smooth ambiguity approach. Since the pension trustee is ambiguous...
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Nonlocality, Nonlinearity, and Time Inconsistency in Stochastic Differential Games
Lei, Qian; Pun, Chi Seng - 2022
This paper presents the existence and uniqueness results (in the sense of maximally defined regularity) as well as the stability analysis for the solutions to a class of nonlocal fully-nonlinear parabolic systems, where the nonlocality stems from the flow feature (controlled by an external...
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Average Inflation Targeting : Time Inconsistency and Intentional Ambiguity
Jia, Chengcheng; Wu, Jing Cynthia - 2022
We study the implications of the Fed’s new policy framework of average inflation targeting (AIT) and its ambiguous communication. The central bank has the incentive to deviate from its announced AIT and implement inflation targeting ex post to maximize social welfare. We show two motives for...
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Dynamic Pricing When Customers Have Time-Inconsistent Preferences
Gao, Xiangyu; Chen, Xin; Chen, Ying-Ju - 2022
This paper examines the dynamic pricing decisions of a monopolist seller when customers have time-inconsistent preferences, which is modeled by quasi-hyperbolic discounting. By considering the cases where customers can be sophisticated, naive, or partially naive about their time-inconsistent...
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Time inconsistency and overdraft use: evidence from transaction data and behavioral measurement experiments
Gill, Andrej; Hett, Florian; Tischer, Johannes - 2022
Households regularly fail to make optimal financial decisions. But what are the underlying reasons for this? Using two conceptually distinct measures of time inconsistency based on bank account transaction data and behavioral measurement experiments, we show that the excessive use of bank...
Persistent link: https://ebtypo.dmz1.zbw/10013288782
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Cross-Period Impatience : Subjective Financial Periods Explain Time-Inconsistent Choices
Jang, Minkwang; Urminsky, Oleg - 2022
Inconsistency in consumer time preferences has been well-established and used to explain seemingly short-sighted behaviors (e.g., failures of self-control). However, prior research has conflated time-inconsistent preferences (discount rates that vary over time) with present bias (greater...
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Agency and Investment with Triggered Time-Inconsistent Preference
huang, wenli; Liu, Wenqiong; Wang, Dongfang; Wang, Ying - 2022
Individual’s time preference may be influenced by a variety of factors such as economic conditions. In this paper, we consider the time inconsistent preference triggered by the switches of firm’s profitability state and apply it to the model of dynamic agency and the q theory of investment....
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Behavioral Biases are Temporally Stable
Stango, Victor; Zinman, Jonathan - 2022
Social scientists often consider temporal stability when assessing the usefulness of a construct and its measures, but whether behavioral biases display such stability is relatively unknown. We estimate stability for 25 biases, in a nationally representative sample, using repeated elicitations...
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Scalar multivariate risk measures with a single eligible asset
Feinstein, Zachary; Rudloff, Birgit - In: Mathematics of operations research 47 (2022) 2, pp. 899-922
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Optimal learning under robustness and time-consistency
Epstein, Larry G.; Ji, Shaolin - In: Operations research 70 (2022) 3, pp. 1317-1329
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Set-valued dynamic risk measures for processes and for vectors
Chen, Yanhong; Feinstein, Zachary - In: Finance and stochastics 26 (2022) 3, pp. 505-533
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Central bank independence : a rigged debate based on false politics and economics
Palley, Thomas I. - 2019
The case for central bank independence is built on an intellectual two-step. Step one argues there is a problem of inflation prone government. Step two argues independence is the solution to that problem. This paper challenges that case and shows it is based on false politics and economics. The...
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The relation between behavior under risk and over time
Chakraborty, Anujit; Halevy, Yoram; Saito, Kota - 2019
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Credible forward guidance
Nakata, Taisuke; Sunakawa, Takeki - 2019 - This draft: April 2019
We analyze credible forward guidance policies in a sticky-price model with an effective lower bound (ELB) constraint on nominal interest rates by solving a series of optimal sustainable policy problems indexed by the duration of reputational loss. Lower-for-longer policies --- while effective in...
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Collective Choice with Heterogeneous Time Preferences
Pakhnin, Mikhail - 2021
This paper reviews recent research on the aggregation of heterogeneous time preferences. Main results are illustrated in simple Ramsey models with two or three agents who differ in their discount factors. We employ an intertemporal view on these models and argue that preferences of a decision...
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Overcoming time inconsistency with a matched bet : etheory and evidence from exercising
Woerner, Andrej - 2021
This paper introduces the matched-bet mechanism. The matched bet is an easily applicable and strictly budget-balanced mechanism that aims to help people overcome time-inconsistent behavior. I show theoretically that offering a matched bet helps both sophisticated and naive procrastinators to...
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Dynamic Preference "Reversals" and Time Inconsistency
Strack, Philipp; Taubinsky, Dmitry - National Bureau of Economic Research - 2021
We study identification of time inconsistency when an agent at time 0 makes an advance commitment, and later at time 1 can revise their choice after possibly receiving additional information. Roughly speaking, we prove that the only data that reject time-consistent expected utility maximization...
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Dynamic inconsistency in risky choice: evidence from the lab and field
Heimer, Rawley; Iliewa, Zwetelina; Imax, Alex; Weber, Martin - 2021 - This draft: March 1, 2021
We document a robust dynamic inconsistency in risky choice. Using a unique brokerage dataset and two preregistered experiments, we compare people's initial risk-taking plans to their subsequent decisions. In both settings, people accept risk as part of a "loss-exit" strategy-planning to continue...
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Intertemporal altruism
Anand Chopra, Felix; Eisenhauer, Philipp; Falk, Armin; … - 2021
Standard consumption utility is linked in time to a consumption event, whereas the timing of prosocial utility flows is ambiguous. Prosocial utility may depend on the actual utility consequences for others - it is consequence-dated - or it may be related to the act of giving and is thus...
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Is generosity time-inconsistent? : present bias across individual and social context
Kölle, Felix; Wenner, Lukas - 2021
We investigate dynamically inconsistent time preferences across contexts with and without interpersonal trade-offs. In a longitudinal experiment participants make a series of intertemporal allocation decisions of real-effort tasks between themselves and another person. Our results reveal that...
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