Second-, third-, and higher-order consumption functions: a precautionary tale

DOI10.1016/j.jedc.2004.08.005zbMath1198.91110OpenAlexW2045892893MaRDI QIDQ956439

James A. Feigenbaum

Publication date: 25 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2004.08.005

zbMATH Keywords

precautionary savingskewnessperturbative methodsconsumption function

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (4)

Information shocks and precautionary saving ⋮ Existence of positive periodic solution for variable-coefficient third-order differential equation with singularity ⋮ Multiplicity of periodic solutions for third-order nonlinear differential equations ⋮ An approximate consumption function

Cites Work

• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Comparing solution methods for dynamic equilibrium economies
• An analytical approximate solution to the problem of precautionary savings
• Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models
• Accuracy in Simulations
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• On the Concavity of the Consumption Function
• Consumption Over the Life Cycle
• The Fundamental Approximation Theorem of Portfolio Analysis in terms of Means, Variances and Higher Moments
• Quantum calculus
• Unnamed Item

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