The Interaction Between Time-Nonseparable Preferences and Time Aggregation

DOI10.2307/2951555MaRDI QIDQ5286048zbMATH OpenOpenAlexFDO

Authors John C. Heaton

Publication date 29 June 1993

Published in Econometrica (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/1721.1/48129

zbMATH Keywords

time aggregationpermanent income hypothesistime-nonseparable preferencesnon-separable preferencescontinuous-time, linear-quadratic, representative consumertime nonseparabilities

Mathematics Subject Classification ID

Individual preferences (91B08) Consumer behavior, demand theory (91B42)

Recommendations

• A time series analysis of representative agent models of consumption and leisure choice under uncertainty
• Testing for intertemporal nonseparability
• GARP, SEPARABILITY, AND THE REPRESENTATIVE AGENT
• Non-parametric analysis of time-inconsistent preferences
• Nonexpected utility preferences in a temporal framework with an application to consumption-savings behaviour

Cited in

(29)

• Additive habit formation: consumption in incomplete markets with random endowments
• Optimal consumption of a divisible durable good
• The transition to a new inflation rate in models with habit formation
• Durability in consumption and the dynamics of the current account
• Money, habits and growth
• COMMON FEATURES IN TIME SERIES WITH BOTH DETERMINISTIC AND STOCHASTIC SEASONALITY
• ON SUNSPOTS, HABITS, AND MONETARY FACTS
• In search of lost time aggregation
• A power law type of time preference on intertemporal choices
• Optimal Consumption‐Portfolio Policies With Habit Formation¹
• Separability, aggregation, and Euler equation estimation.
• Optimal consumption and portfolio rules with durability and habit formation
• GARP, SEPARABILITY, AND THE REPRESENTATIVE AGENT
• ESTIMATING CONTINUOUS-TIME MODELS ON THE BASIS OF DISCRETE DATA VIA AN EXACT DISCRETE ANALOG
• Nonparametric estimation of structural models for high-frequency currency market data
• Endogenous time preference, investment externalities, and equilibrium indeterminacy
• Habit formation in a monetary growth model
• Macroeconomic effects of inflationary shocks with durable and non-durable consumption
• Effect of time preferences on indexation
• Asset and commodity prices with multi-attribute durable goods
• DISCRETE TIME REPRESENTATION OF CONTINUOUS TIME ARMA PROCESSES
• Consumption and saving with habit formation and durability.
• Non-market reopening, time-consistent plans and the structure of intertemporal preferences
• Non-addictive habits: optimal consumption-portfolio policies.
• The effects of inflation in a small open economy with durability in consumption
• Market efficiency, asset returns, and the size of the risk premium in global equity markets.
• Savings, investment, employment, and inflation in a small open economy with habit persistence
• Testing for intertemporal nonseparability
• A time series analysis of representative agent models of consumption and leisure choice under uncertainty

This page was built for publication: The Interaction Between Time-Nonseparable Preferences and Time Aggregation

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5286048)