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The excess smoothness of consumption : identification and interpretation

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A model of housing in the presence of adjustment costs : a structural interpretation of habit persistence

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Owner-occupied housing : life-cycle implications for the household portfolio

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Time series evidence on the expectations hypothesis of the term structure

Flavin, Marjorie; Richard, Scott F. - In: Monetary and fiscal policies and their application, (pp. 211-238). 1984

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The sustainability of government deficits : implications of the present-value borrowing constraint

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On the limitations of government borrowing : a framework for empirical testing

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Owner-occupied housing and the composition of the household portfolio

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Housing, adjustment costs, and macro dynamcics

Flavin, Marjorie - In: CESifo economic studies : CESifo, a joint initiative of … 58 (2012) 3, pp. 471-494

When utility depends on a single, frictionlessly adjustable consumption good, the household's willingness to substitute consumption intertemporally is solely determined by the curvature of the utility function. When the utility specification is generalized from one good to two, however, the...

Persistent link: https://www.econbiz.de/10009655520

The Excess Smoothness of Consumption: Identification and Interpretation

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