Intertemporal Substitution in Consumption Revisited /

Some of the highly controversial questions in macroeconomics critically hinge on the value of a single parameter of consumer preference--the elasticity of intertemporal substitution. This paper provides new estimates of this parameter for individual G-7 and a panel of twenty OECD countries. We find...

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Bibliografiska uppgifter
Huvudupphovsman: Hu, Zuliu
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1993.
Serie:IMF Working Papers; Working Paper ; No. 1993/026
Länkar:Full text available on IMF