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Narrow Replication of Yogo (2004) Estimating the Elasticity of Intertemporal Substitution when Instruments are Weak

Gomes, Fábio Augusto Reis; Paz, Lourenço S. - In: Journal of Applied Econometrics 26 (2011) 7, pp. 1215-1216

Persistent link: https://www.econbiz.de/10011006422

Estimating the elasticity of intertemporal substitution: Is the aggregate financial return free from the weak instrument problem?

Gomes, Fábio Augusto Reis; Paz, Lourenço S. - In: Journal of macroeconomics 36 (2013), pp. 63-75

Persistent link: https://www.econbiz.de/10010102174

Narrow Replication of Yogo (2004) Estimating the Elasticity of Intertemporal Substitution when Instruments are Weak

Gomes, Fábio Augusto Reis; Paz, Lourenço S. - In: Journal of applied econometrics 26 (2011) 7, pp. 1215-1217

Persistent link: https://www.econbiz.de/10009343932

Estimating the elasticity of intertemporal substitution: Is the aggregate financial return free from the weak instrument problem?

Gomes, Fábio Augusto Reis; Paz, Lourenço S. - In: Journal of Macroeconomics 36 (2013) C, pp. 63-75

The elasticity of intertemporal substitution (EIS) is one of the key parameters in the Economics and Finance literature. It is usually estimated by means of the consumer’s Euler Equation using an instrumental variable approach, and the estimates are usually zero or close to zero. Nevertheless,...

Persistent link: https://www.econbiz.de/10011065320

Consumption in South America: myopia or liquidity constraints?

Paz, Lourenço S.; Gomes, Fábio A. R. - Insper Instituto de Ensino e Pesquisa - 2008

Persistent link: https://www.econbiz.de/10005086194