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Consumption and asset prices with homothetic recursive preferences

Fisher, Mark; Gilles, Christian - 1999

When preferences are homothetic, utility can be expressed in terms of current consumption and a variable that captures all information about future opportunities. We use this observation to express the differential equation that characterizes utility as a restriction on the information variable...

Persistent link: https://www.econbiz.de/10010397480

Asymmetric shocks among U.S. states

Del Negro, Marco - 2000

This paper applies a factor model to the study of risk sharing among U.S. states. The factor model makes it possible to disentangle movements in output and consumption due to national, regional, or state-specific business cycles from those due to measurement error. The results of the paper...

Persistent link: https://www.econbiz.de/10010397548

Consumption and asset prices with recursive preferences: Continuous-time approximations to discrete-time models

Fisher, Mark - 1999

This paper presents tractable and efficient numerical solutions to general equilibrium models of asset prices and consumption where the representative agent has recursive preferences. It provides a discrete-time presentation of the approach of Fisher and Gilles (1999), treating continuous-time...

Persistent link: https://www.econbiz.de/10010397550

An intertemporal model of consumption and portfolio allocation

Andersson, Hans; Ramamurtie, B. Sailesh; Ramaswami, Bharat - 1995

be interpreted as either a wage income stream or a stochastic endowment flow. We obtain a complete and original solution …

Persistent link: https://www.econbiz.de/10010397569

Bail-in and Legacy Assets: Harmonized rules for targeted partial compensation to strengthen the bail-in regime

Poyntner, Philipp; Reininger, Thomas - 2018

bank bonds across economy-wide income quantiles in the euro area and various euro area countries. We find that neither the …

Persistent link: https://www.econbiz.de/10013370141

Seven economic facts about the U.S. racial wealth gap

Broady, Kristen; Booth-Bell, Darlene; Griffin, Taylor - 2022

disparities in income, employment, homeownership, education, access to credit, and retirement savings - all factors that …

Persistent link: https://www.econbiz.de/10013479458

Relative income, the breadwinner norm, and mental health in couples

Getik, Demid - 2022

how this income dynamic affects mental health. Using data on all Swedish couples who married in 2001, I show that mental … health is positively associated with own and spousal income. However, it is negatively linked to the wife's relative income … cent. This effect does not appear driven by divorce or spouses being on different income trajectories. …

Persistent link: https://www.econbiz.de/10014318973

Bairoch Revisited. Tariff Structure and Growth in the Late 19th Century

Tena-Junguito, Antonio - Universidad Carlos III <Madrid> / Departamento de Economía; … - 2009

results show that income, factor endowment, and policy independence are important to explain regional asymmetries between …

Persistent link: https://www.econbiz.de/10005870482

Trade, Convergence and Globalisation: the dynamics of change in the international income distribution, 1950-1998

Epstein, Philip; Howlett, Peter; Schulze, Max-Stephan - London School of Economics and Political Science - 2004

reach the levels of income enjoyed by the richest nations.[...] …

Persistent link: https://www.econbiz.de/10005870584

Regional GDP in Britain, 1871-1911: Some Estimates

Crafts, Nicholas F. R. - London School of Economics and Political Science - 2004

. This is modified by using tax data to allocate non-wage income across regions. The results suggest that the coefficient of …

Persistent link: https://www.econbiz.de/10005870953