Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10000840102
Persistent link: https://www.econbiz.de/10000810945
Persistent link: https://www.econbiz.de/10001112194
Persistent link: https://www.econbiz.de/10001147393
We study consumption-based asset pricing models which allow for both habit persistence and durability of consumption goods. using quarterly consumption and asset return data for six countries. We estimate the parameters representing habit persistence or durability. risk version and time...
Persistent link: https://www.econbiz.de/10012763507
Habit persistence in consumption preferences and durability of consumption goods are two hypotheses which imply time-nonseparability in the derived utility for consumption expenditures. We study a simple model with both effects, in which lagged consumption expenditures enter the Euler equation....
Persistent link: https://www.econbiz.de/10013224950
We study consumption-based asset pricing models which allow for both habit persistence and durability of consumption goods. using quarterly consumption and asset return data for six countries. We estimate the parameters representing habit persistence or durability. risk version and time...
Persistent link: https://www.econbiz.de/10012474871
Habit persistence in consumption preferences and durability of consumption goods are two hypotheses which imply time-nonseparability in the derived utility for consumption expenditures. We study a simple model with both effects, in which lagged consumption expenditures enter the Euler equation....
Persistent link: https://www.econbiz.de/10012475384