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We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …
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I examine 2,735 estimates of the elasticity of intertemporal substitution in consumption (EIS) reported in 169 …
Persistent link: https://www.econbiz.de/10010197459
We estimate the elasticity of intertemporal substitution (EIS) - the elasticity of expected consumption growth with … Consumer Expectations (SCE). This dataset is unique, since it includes consumers' expectations of both consumption growth and … subjective version of the consumption Euler equation, without having to take a stand on the process of expectation formation. Our …
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A key parameter in international economics is the elasticity of substitution between domestic and foreign goods, also called the Armington elasticity. Yet estimates vary widely. We collect 3,524 reported estimates of the elasticity, construct 34 variables that reflect the context in which...
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