Essays about: "Habit persistence"

Found 2 essays containing the words Habit persistence.

  1. 1. Internal and External Habits Formation: Policy Analysis Implications and Bayesian Estimation

    University essay from Göteborgs universitet/Graduate School

    Author : Davide Brignone; [2018-07-02]
    Keywords : ;

    Abstract : The Euler equation relies on strictly and rigid assumptions and it has been proved that consumers do not follow this equation in real data. One way to improve this consumption expression is introducing the hypothesis of Habit formations, which re- ect the idea of non-time separable preferences. READ MORE

  3. 2. The Role of Stabilization Policy in Sweden: A comparative welfare cost analysis

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Philip Bartsch; Ravi Pachai; [2008]
    Keywords : Business cycles; Habit persistence; Stabilization policy;

    Abstract : In Robert Lucas’ 1987 monograph, Models of Business Cycles, he attempted to measure the cost of business cycles in the post-war U.S. READ MORE