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Do demographics prevent consumer aggregates from reflecting micro-level preferences?
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2014
-wide preference parameters, which are useful for policy evaluation. The underlying demand-aggregation properties that this approach …, aggregation can be rejected if appropriate data violate an affine equation regarding how much individuals benefit from within …
Persistent link: https://www.econbiz.de/10010419864
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Confronting the Robinson Crusoe paradigm with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2008
Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10010298407
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Do demographics prevent consumer aggregates from reflecting micro-level preferences?
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2014
-wide preference parameters, which are useful for policy evaluation. The underlying demand-aggregation properties that this approach …, aggregation can be rejected if appropriate data violate an affine equation regarding how much individuals benefit from within …
Persistent link: https://www.econbiz.de/10010421122
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Confronting the representative consumer with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10010278011
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Confronting the representative consumer with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10010285745
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Confronting the Representative Consumer with Household-Size Heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Centre de Recherche en Économie Appliquée (CREA), … - 2014
-wide preference parameters, which are useful for policy eva- luation. The underlying demand-aggregation properties that this approach …, aggregation can be rejected if appropriate data violate an affine equa- tion regarding how much individuals benefit from within …
Persistent link: https://www.econbiz.de/10011095262
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Confronting the Robinson Crusoe paradigm with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Center for Financial Studies - 2008
Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10010986469
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Do demographics prevent consumer aggregates from reflecting micro-level preferences?
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Center for Financial Studies - 2014
-wide preference parameters, which are useful for policy evaluation. The underlying demand-aggregation properties that this approach …, aggregation can be rejected if appropriate data violate an affine equation regarding how much individuals benefit from within …
Persistent link: https://www.econbiz.de/10010986479
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Confronting the Representative Consumer with Household-Size Heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10008727755
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Confronting the Robinson Crusoe paradigm with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Center for Financial Studies - 2008
Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10005007631