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 …

We study a general class of consumption-savings problems with recursive preferences. We characterize the sign of the … consumption response to arbitrary shocks in terms of the product of two sufficient statistics: the elasticity of intertemporal … substitution (EIS) between contemporaneous consumption and continuation utility, and the relative elasticity of the marginal value …

I examine 2,735 estimates of the elasticity of intertemporal substitution in consumption (EIS) reported in 169 …