Intertemporal Substitution in Consumption Robert E. Hall
consumption to the real interest rate is the elasticity of intertemporal substitution. That elasticity can be measured by the response of the.
Subjective Intertemporal Substitution
We estimate the elasticity of intertemporal substitution (EIS)—the response of expected consumption growth to changes in the real interest rate—using
Intertemporal Substitution in Consumption
Intertemporal Substitution in Consumption. Robert E. Hall consumption to the real interest rate is the elasticity of intertemporal substitution.
Habit Formation and Intertemporal Substitution in Individual Food
8 Nov 1994 intertemporal elasticity of substitution and the risk aversion parameter is ... typically used to model intertemporal consumption behavior.
MEASURING INTERTEMPORAL SUBSTITUTION IN
Abstract—We estimate the intertemporal elasticity of substitution in con- sumption (IES) using a preannounced increase in Japan's consumption tax.
The Intertemporal Substitution and Income Effects of a VAT Rate
intertemporal substitution effects while consumption over the long-run is VAT in Japan
MEASURING INTERTEMPORAL SUBSTITUTION IN
This paper avoids the problem of weak instruments by exploiting the natural experiment presented by the consumption tax rate increase. In addition to the novel
Intertemporal Elasticity of Substitution and Risk Aversion: Are They
We examine the relationship between risk aversion and IES using household consumption data from the Consumer Expenditure Survey during 1996 -2010. Multiple risk.
INTERTEMPORAL SUBSTITUTION IN MACROECONOMICS
Altonji [I9821 also estimated for a utility function that is separable in consumption and leisure
Long-Run Labor Supply and the Elasticity of Intertemporal
the elasticity of intertemporal substitution for consumption is relatively low—well below 1 and (C) labor supply is not totally inelastic (that is
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