CONSEQUENCES OF MODELING HABIT PERSISTENCE

DOI10.1017/S1365100508080085MaRDI QIDQ3397758zbMATH OpenOpenAlexFDO

Authors Luca Bossi, Pere Gomis-Porqueras

Publication date 25 September 2009

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/s1365100508080085

zbMATH Keywords

multiple equilibriaequilibrium dynamicsmultiplicative and subtractive habit persistence

Mathematics Subject Classification ID

Economic growth models (91B62)

Recommendations

• Habit persistence, money, and overlapping generations
• Habit persistence in overlapping generations economies under pure exchange
• Habit formation and indeterminacy in overlapping generations models
• Consumption habits in an overlapping-generations model
• A note on external habits and efficiency in the AK model

Cites work

• Consumption Over the Life Cycle
• Habit persistence in overlapping generations economies under pure exchange
• Habit persistence, money, and overlapping generations
• On Endogenous Competitive Business Cycles
• On the Concavity of the Consumption Function
• Solving consumption models with multiplicative habits

Cited in

(9)

• A note on external habits and efficiency in the AK model
• Habit formation and indeterminacy in overlapping generations models
• On the closed-form solution of an endogenous growth model with anticipated consumption
• Consumption habits in an overlapping-generations model
• Anticipation in leisure—Effects on labor‐leisure choice
• Habit persistence in consumption and the demand for money
• Habit persistence and the long-run labor supply
• Predictability and habit persistence
• Habit persistence, money, and overlapping generations

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