HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY

DOI10.1017/S1365100597003027zbMath0919.90017MaRDI QIDQ4233495

Jonas D. M. Fisher, Michele Boldrin, Lawrence J. Christiano

Publication date: 16 March 1999

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

risk aversionasset priceshabit persistencepure exchange economyreturns

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Related Items (8)

Local and global bifurcations in an economic growth model with endogenous labour supply and multiplicative external habits ⋮ Dynamic theory of preferences: habit formation and taste for variety ⋮ Habit formation and the equity-premium puzzle: a skeptical view ⋮ Preferences, income, and life satisfaction: an equivalence result ⋮ Predictability and habit persistence ⋮ Growth cycles and market crashes ⋮ On the diversity of growth patterns with habit formation ⋮ Indeterminacy and nonlinear dynamics in an OLG growth model with endogenous labour supply and inherited tastes

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