Matches in SemOpenAlex for { <https://semopenalex.org/work/W2003216730> ?p ?o ?g. }
Showing items 1 to 92 of
92
with 100 items per page.
- W2003216730 endingPage "495" @default.
- W2003216730 startingPage "495" @default.
- W2003216730 abstract "This paper uses state-level consumption data to estimate the intertemporal elasticity of substitution of consumption (IES). In contrast to the results of Hall (1988) and Campbell and Mankiw (1989), we provide evidence indicating that the IES is significantly different from zero and probably close to one. Since inference about the IES in the context of the standard Euler equation is problematic as a result of mis-specification bias, we cast most of our discussion in the context of the framework developed by Campbell and Mankiw. This modifies the Euler equation in that a fraction of agents simply consume their income. The use of panel data to examine the relationship between interest rates and consumption growth has two advantages. First, we achieve a significant increase in precision, which in particular allows us to rule out a zero IES. Second, we can use the panel aspect of the data to bypass asset return measurement problems. In particular, we identify a common time component in expected consumption growth that is associated with movements in interest rates when the IES is positive." @default.
- W2003216730 created "2016-06-24" @default.
- W2003216730 creator A5007265172 @default.
- W2003216730 creator A5079637018 @default.
- W2003216730 date "1996-08-01" @default.
- W2003216730 modified "2023-10-18" @default.
- W2003216730 title "The Intertemporal Elasticity of Substitution: An Exploration using a US Panel of State Data" @default.
- W2003216730 cites W1527002158 @default.
- W2003216730 cites W1530186786 @default.
- W2003216730 cites W1607156190 @default.
- W2003216730 cites W1970295151 @default.
- W2003216730 cites W1976684645 @default.
- W2003216730 cites W1996156365 @default.
- W2003216730 cites W2030691535 @default.
- W2003216730 cites W2035505185 @default.
- W2003216730 cites W2053504955 @default.
- W2003216730 cites W2141967800 @default.
- W2003216730 cites W2891757863 @default.
- W2003216730 cites W3121401472 @default.
- W2003216730 cites W3122233860 @default.
- W2003216730 cites W3122597789 @default.
- W2003216730 cites W3123845942 @default.
- W2003216730 cites W3124310736 @default.
- W2003216730 cites W3124633562 @default.
- W2003216730 cites W3125217456 @default.
- W2003216730 cites W3140224611 @default.
- W2003216730 cites W3140565300 @default.
- W2003216730 cites W2234265629 @default.
- W2003216730 doi "https://doi.org/10.2307/2555019" @default.
- W2003216730 hasPublicationYear "1996" @default.
- W2003216730 type Work @default.
- W2003216730 sameAs 2003216730 @default.
- W2003216730 citedByCount "146" @default.
- W2003216730 countsByYear W20032167302012 @default.
- W2003216730 countsByYear W20032167302013 @default.
- W2003216730 countsByYear W20032167302014 @default.
- W2003216730 countsByYear W20032167302015 @default.
- W2003216730 countsByYear W20032167302016 @default.
- W2003216730 countsByYear W20032167302017 @default.
- W2003216730 countsByYear W20032167302018 @default.
- W2003216730 countsByYear W20032167302019 @default.
- W2003216730 countsByYear W20032167302020 @default.
- W2003216730 countsByYear W20032167302021 @default.
- W2003216730 countsByYear W20032167302023 @default.
- W2003216730 crossrefType "journal-article" @default.
- W2003216730 hasAuthorship W2003216730A5007265172 @default.
- W2003216730 hasAuthorship W2003216730A5079637018 @default.
- W2003216730 hasConcept C121332964 @default.
- W2003216730 hasConcept C121854251 @default.
- W2003216730 hasConcept C149782125 @default.
- W2003216730 hasConcept C162324750 @default.
- W2003216730 hasConcept C175444787 @default.
- W2003216730 hasConcept C199360897 @default.
- W2003216730 hasConcept C2778220771 @default.
- W2003216730 hasConcept C2778348673 @default.
- W2003216730 hasConcept C41008148 @default.
- W2003216730 hasConcept C6422946 @default.
- W2003216730 hasConcept C97355855 @default.
- W2003216730 hasConcept C97684219 @default.
- W2003216730 hasConceptScore W2003216730C121332964 @default.
- W2003216730 hasConceptScore W2003216730C121854251 @default.
- W2003216730 hasConceptScore W2003216730C149782125 @default.
- W2003216730 hasConceptScore W2003216730C162324750 @default.
- W2003216730 hasConceptScore W2003216730C175444787 @default.
- W2003216730 hasConceptScore W2003216730C199360897 @default.
- W2003216730 hasConceptScore W2003216730C2778220771 @default.
- W2003216730 hasConceptScore W2003216730C2778348673 @default.
- W2003216730 hasConceptScore W2003216730C41008148 @default.
- W2003216730 hasConceptScore W2003216730C6422946 @default.
- W2003216730 hasConceptScore W2003216730C97355855 @default.
- W2003216730 hasConceptScore W2003216730C97684219 @default.
- W2003216730 hasIssue "251" @default.
- W2003216730 hasLocation W20032167301 @default.
- W2003216730 hasOpenAccess W2003216730 @default.
- W2003216730 hasPrimaryLocation W20032167301 @default.
- W2003216730 hasRelatedWork W1872964384 @default.
- W2003216730 hasRelatedWork W2022377741 @default.
- W2003216730 hasRelatedWork W2024432865 @default.
- W2003216730 hasRelatedWork W2112628952 @default.
- W2003216730 hasRelatedWork W2207328096 @default.
- W2003216730 hasRelatedWork W2258255330 @default.
- W2003216730 hasRelatedWork W2958037479 @default.
- W2003216730 hasRelatedWork W2998387623 @default.
- W2003216730 hasRelatedWork W3123138507 @default.
- W2003216730 hasRelatedWork W2120050921 @default.
- W2003216730 hasVolume "63" @default.
- W2003216730 isParatext "false" @default.
- W2003216730 isRetracted "false" @default.
- W2003216730 magId "2003216730" @default.
- W2003216730 workType "article" @default.