-quadratic-Gaussian (LQG) setting. We first discuss how RI affects consumption smoothness and sensitivity, precautionary savings, asset pricing …, portfolio choice, and aggregate fluctuations in the univariate case. We then discuss the applications of RI to macroeconomic …

Economic reality is constituted by economic objects such as goods, commodities, money, value, price, and exchange that …

respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become … banks that are franchises of the ECB, (2) the secundary savings and loans banks, and (3) the tertiary investment banks. The …

costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with …

costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with …

important determinants of consumption and depressants of saving in Venezuela. … his politic party. This article starts a research work to know about the Venezuelan’s preferences of consumption as well … as the possible causes that diminishes his saving and how distributes his income. The paper shows a descriptive analysis …

The relationship between temporary terms of trade shocks and household saving in developing countries is examined. It … is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in … intra temporal elasticity of substitution between traded and nontraded goods. Empirical estimates of these two parameters …

what drives saving in Latin America. The studies cover Argentina, Chile, Colombia, Mexico, Peru, Uruguay, and Venezuela and … span a variety of topics ranging from assessing the impact of financial liberalization on saving to determining the role of … terms of trade shocks. Many of the studies also employ new data sources, that provide a better understanding of the saving …

In this paper I examine the implications of self-attribution bias on consumption and savings decisions. When self … changes in consumption and changes in income. No other factor on its own has been able to explain both of these empirical …