Greenville, NC 27858
East Carolina University - Department of Economics
time-varying relative risk aversion, habit formation preferences, micro data, portfolio choice
Asset Pricing, Equity Returns, Dynamic Stochastic General Equilibrium Model, Real Business Cycle, Small Open Economy
Time-varying relative risk aversion; household-level data; portfolio choice; GHH preferences; risky shares; wealth; labor income.
Time-varying relative risk aversion, household-level data, portfolio choice, GHH preferences, risky shares, wealth, labor income.
Macro Model Assumption Testing; GHH Preferences; Portfolio Choice; Labor Income; Household Level Data
Optimal fiscal policy; optimal monetary policy; time inconsistency; impossible trinity; externality; overborrowing; self-fulfilling high inflation.
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perturbation method, approximation error, Lucas distributions
adaptive learning dynamics, multiple locations, reference structure, observability, mutual linkage, stochastic stability
Time consistency, Optimal monetary and fiscal policy, Small open economy
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