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On the macroeconomic policy implications of habit persistence

Authors :
Mansoorian, Arman
Source :
Journal of Money, Credit & Banking. February 1996, Vol. 28 Issue 1, p119, 11 p.
Publication Year :
1996

Abstract

IN THE HABIT-PERSISTENCE MODEL of Ryder and Heal (1973) instantaneous utility depends on both current consumption and the habitual standard of living, represented by a weighted average of past levels [...]

Subjects

Subjects :
Economics -- Research
Economic policy -- Research
Macroeconomics -- Research
Banking, finance and accounting industries
Business
Research

Details

Language :
English
ISSN :
00222879
Volume :
28
Issue :
1
Database :
Gale General OneFile
Journal :
Journal of Money, Credit & Banking
Publication Type :
Academic Journal
Accession number :
edsgcl.18082084

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