Consumption adjustment to real interest rates: Intertemporal substitution revisited

DOI10.1016/S0165-1889(97)00053-5zbMath0895.90062MaRDI QIDQ1389721

Joon-Ho Hahm

Publication date: 30 June 1998

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

intertemporal substitutionreal interest raterelative risk aversionconsumption and saving

Mathematics Subject Classification ID

Economic time series analysis (91B84) Economic growth models (91B62) Consumer behavior, demand theory (91B42)

Related Items (3)

Equilibrium variance risk premium in a cost-free production economy ⋮ Human capital, innovation, and growth ⋮ Asset pricing and the role of macroeconomic volatility

Cites Work

• Large Sample Properties of Generalized Method of Moments Estimators
• A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
• Note on the Correlation of First Differences of Averages in a Random Chain
• Nearly Efficient Estimation of Time Series Models with Predetermined, but not Exogenous, Instruments
• A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• Asset Prices in an Exchange Economy
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• An intertemporal asset pricing model with stochastic consumption and investment opportunities
• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy

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