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...

Полное описание

Библиографические подробности
Главный автор: Hu, Zuliu
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1993.
Серии:IMF Working Papers; Working Paper ; No. 1993/026
Online-ссылка:Full text available on IMF