Are linear regression models reliable in testing whether high expected real interest rates encourage current savings and deferred consumption? Here, a Monte Carlo test shows that a linear model yields a fairly accurate estimate and small standard error, but is highly susceptible to specification bias.Interest rates ; Consumption (Economics)
Some of the highly controversial questions in macroeconomics critically hinge on the value of a sing...
Homotheticity induces a dramatic statistical bias in the estimates of the intratemporal and intertem...
Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to...
One of the most important behavioral parameters in macroeconomics is the elasticity of intertemporal...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
Lyrio and Kristien Smedts—for very useful criticisms. Also comments from Katelijne Carbonez, Van Ngu...
vThe consumption asset pricing framework implies that asset prices may be used to investigate the pr...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
In this paper, we reconcile two opposing views about the elasticity of intertemporal substitution (E...
The elasticity of intertemporal substitution (EIS) is a crucial parameter in finance and macroeconom...
In this paper, we use long-run annual data to estimate the intertemporal elasticity of substitution ...
Homotheticity induces a dramatic statistical bias in the estimates of the intratemporal and intertem...
In all common models of inter-temporal allocation, the assumption of a constant elasticity of intert...
Some of the highly controversial questions in macroeconomics critically hinge on the value of a sing...
Homotheticity induces a dramatic statistical bias in the estimates of the intratemporal and intertem...
Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to...
One of the most important behavioral parameters in macroeconomics is the elasticity of intertemporal...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
Lyrio and Kristien Smedts—for very useful criticisms. Also comments from Katelijne Carbonez, Van Ngu...
vThe consumption asset pricing framework implies that asset prices may be used to investigate the pr...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many ...
In this paper, we reconcile two opposing views about the elasticity of intertemporal substitution (E...
The elasticity of intertemporal substitution (EIS) is a crucial parameter in finance and macroeconom...
In this paper, we use long-run annual data to estimate the intertemporal elasticity of substitution ...
Homotheticity induces a dramatic statistical bias in the estimates of the intratemporal and intertem...
In all common models of inter-temporal allocation, the assumption of a constant elasticity of intert...
Some of the highly controversial questions in macroeconomics critically hinge on the value of a sing...
Homotheticity induces a dramatic statistical bias in the estimates of the intratemporal and intertem...
Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to...