Our new model of consumption-based habit formation preferences generates loglinear, homoskedastic macroeconomic … rate takes the form of an exactly loglinear consumption Euler equation, commonly assumed in New Keynesian models …

of these is the large and growing literature on precautionary saving that examines how consumption growth and saving … expected consumption growth and uncertainty in consumption growth, with a slope coefficient that is a function of the … (and the coefficient of relative risk aversion) from regressions of consumption growth on uncertainty in consumption growth …

of these is the large and growing literature on precautionary saving that examines how consumption growth and saving … expected consumption growth and uncertainty in consumption growth, with a slope coefficient that is a function of the … (and the coefficient of relative risk aversion) from regressions of consumption growth on uncertainty in consumption growth …

Purpose The relevance of present consumption bias on personal finance has been confirmed in several studies and has …-control, adherence to healthy habits (e.g. exercising or dieting), procrastination tendencies or savings. The purpose of this paper is to … authors find the optimal consumption levels in the perfect-information benchmark by backward induction. They then proceed to …