Deep Habits

DOI10.1111/J.1467-937X.2006.00374.XzbMATH Open1137.91524OpenAlexW4238022985MaRDI QIDQ3594928FDOQ3594928

Authors: Morten O. Ravn, Stephanie Schmitt-Grohé, Martín Uribe 

Publication date: 9 August 2007

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/j.1467-937x.2006.00374.x

Recommendations

• Monetary and fiscal policy under deep habits
• Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
• Consumption commitments and habit formation
• Habit formation in a monetary growth model
• Habit formation and indeterminacy in overlapping generations models

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic growth models (91B62)

Cited In (29)

• Habits and demand changes after COVID-19
• Does relative risk aversion vary with wealth? Evidence from households portfolio choice data
• Housing deep-habit model: mutual implications of macroeconomics and asset pricing
• Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
• Deep habits and exchange rate pass-through
• The consumption multiplier of government spending: the role of substitutability between government spending and leisure
• Fiscal stimulus and systematic monetary policy: postwar evidence for the United States
• Monetary and fiscal policy under deep habits
• Composite habits and international transmission of business cycles
• The government wage bill and private activity
• The effects of consumption externalities in an R\&D-based growth model with endogenous skilled and unskilled labor supply
• On the concavity of consumption function under habit formation
• Strategic interactions in U.S. monetary and fiscal policies
• Habit forming consumers and firm dynamics
• A fiscal stimulus with deep habits and optimal monetary policy
• Markup cycles, dynamic misallocation, and amplification
• Time-to-build, consumption complementarity, and fiscal stimulus
• Consumption commitments and habit formation
• Fiscal stimulus and the role of wage rigidity
• Endogenous credit standards and aggregate fluctuations
• Price dynamics with customer markets
• Can government spending increase private consumption? the role of complementarity
• MACROECONOMICS OF SUBSISTENCE POINTS
• Fiscal episodes and market power
• CONFORMISM AND STRUCTURAL CHANGE
• A variety-expansion model of growth with external habit formation
• Business cycles with cyclical returns to scale
• Keeping up with the Joneses and the consumption response to government spending
• Aggregate and distributional effects of tax policy with interdependent preferences: the role of ``catching up with the Joneses

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