Measuring Intertemporal Substitution
The Role of Durable Goods
Dados Bibliográficos
| ID | 10179417 |
|---|---|
| Autores | Masao Ogaki (0000-0002-2005-1708), Carmen M Reinhart, Cornel Reinhart (0000-0003-4355-1411) |
| Ano | 1998 |
| Volume | 106 |
| Fascículo | 5 |
| Páginas | 1078-1098 |
| Data de publicação | 1998-10-01 |
| Peer Reviewed | Sim |
| Open Access | Não |
| Tipo | ARTICLE |
| Periódico | Journal of Political Economy (JOURNAL) |
| Identificadores do periódico | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Editora | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/250040 |
| OpenAlex | W1557656948 |
| Idioma | EN |
| Citações recebidas | 23 |
As pointed out by Hall (1988), intertemporal substitution by consumers is a central element of many modern macroeconomic and international models. We argue that Hall's estimator or the IES is downward biased because the intra-temporal substitution between nondurable consumption goods and durable consumption goods is ignored and because the changes in real interest rates affect user costs of durable goods
Consumption (sociology · Durable good · Economics · Estimator · Microeconomics · Monetary economics · Substitution (logic · Computer Science · Economic Policies and Impacts · Fiscal Policy and Economic Growth · Taxation and Compliance Studies
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| Obras citantes distintas | 23 |
|---|---|
| Citações por ano | 0,82 |
| Intervalo de citações | 1998 - 2025 (28) |
| Velocidade de citação | recent |
| Altamente citado | Não |
| Tipos de citação | Neutras: 23 |