메뉴 건너뛰기




Volumn 90, Issue 3, 2000, Pages 367-390

Habit formation in consumption and its implicationsfor monetary-policy models

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0001332822     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.90.3.367     Document Type: Article
Times cited : (577)

References (40)
  • 1
    • 0003007882 scopus 로고
    • Asset prices under habit formation and catching up with the joneses
    • May (Papers and Proceedings)
    • Abel, Andrew B. "Asset Prices under Habit Formation and Catching up with the Joneses." American Economic Review, May 1990 (Papers and Proceedings), 80(2), pp. 38-42.
    • (1990) American Economic Review , vol.80 , Issue.2 , pp. 38-42
    • Abel, A.B.1
  • 2
    • 0000806818 scopus 로고
    • A linear algebraic procedure for solving linear perfect foresight models
    • Anderson, Gary S. and Moore, George R. "A Linear Algebraic Procedure for Solving Linear Perfect Foresight Models." Economics Letters, 1985, 17, pp. 247-52.
    • (1985) Economics Letters , vol.17 , pp. 247-252
    • Anderson, G.S.1    Moore, G.R.2
  • 3
    • 0034383035 scopus 로고    scopus 로고
    • Savings, growth, and investment: A macroeconomic analysis using a panel of countries
    • May
    • Attanasio, Orazio P.; Picci, Lucio and Scorcu, Antonello. "Savings, Growth, and Investment: A Macroeconomic Analysis Using a Panel of Countries." Review of Economics and Statistics, May 2000, 82(1), pp. 1-30.
    • (2000) Review of Economics and Statistics , vol.82 , Issue.1 , pp. 1-30
    • Attanasio, O.P.1    Picci, L.2    Scorcu, A.3
  • 4
    • 85016834058 scopus 로고
    • The federal funds rate and the channels of monetary transmission
    • September
    • Bernanke, Ben S. and Blinder, Alan S. "The Federal Funds Rate and the Channels of Monetary Transmission." American Economic Review, September 1992, 82(4), pp. 901-21.
    • (1992) American Economic Review , vol.82 , Issue.4 , pp. 901-921
    • Bernanke, B.S.1    Blinder, A.S.2
  • 5
    • 0032771542 scopus 로고    scopus 로고
    • By force of habit: A consumption-based explanation of aggregate stock market behavior
    • April
    • Campbell, John Y. and Cochrane, John H. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior." Journal of Political Economy, April 1999, 107(2), pp. 205-51.
    • (1999) Journal of Political Economy , vol.107 , Issue.2 , pp. 205-251
    • Campbell, J.Y.1    Cochrane, J.H.2
  • 6
    • 63349109139 scopus 로고
    • Why is consumption so smooth?
    • July
    • Campbell, John Y. and Deaton, Angus S. "Why Is Consumption So Smooth?" Review of Economic Studies, July 1989, 56(3), pp. 357-73.
    • (1989) Review of Economic Studies , vol.56 , Issue.3 , pp. 357-373
    • Campbell, J.Y.1    Deaton, A.S.2
  • 7
    • 0001274822 scopus 로고
    • Consumption, income, and interest rates: Reinterpreting the time series evidence
    • Olivier Jean Blanchard and Stanley Fischer, eds., Cambridge, MA: MIT Press
    • Campbell, John Y. and Mankiw, N. Gregory. "Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence," in Olivier Jean Blanchard and Stanley Fischer, eds., NBER macroeconomics annual: 1989. Cambridge, MA: MIT Press, 1989, pp. 185-216.
    • (1989) NBER Macroeconomics Annual: 1989 , pp. 185-216
    • Campbell, J.Y.1    Mankiw, N.G.2
  • 8
    • 84952249786 scopus 로고
    • Permanent income, current income, and consumption
    • July
    • _. "Permanent Income, Current Income, and Consumption." Journal of Business and Economic Statistics, July 1990, 8(3), pp. 265-79.
    • (1990) Journal of Business and Economic Statistics , vol.8 , Issue.3 , pp. 265-279
  • 9
    • 44949276887 scopus 로고
    • The response of consumption to income: A cross-country investigation
    • May
    • _. "The Response of Consumption to Income: A Cross-Country Investigation." European Economic Review, May 1991, 35(4), pp. 723-56.
    • (1991) European Economic Review , vol.35 , Issue.4 , pp. 723-756
  • 10
    • 84936220056 scopus 로고
    • Cointegration and tests of present value models
    • October
    • Campbell, John Y. and Shiller, Robert J. "Cointegration and Tests of Present Value Models." Journal of Political Economy, October 1987, 95(5), pp. 1062-88.
    • (1987) Journal of Political Economy , vol.95 , Issue.5 , pp. 1062-1088
    • Campbell, J.Y.1    Shiller, R.J.2
  • 13
    • 0002440033 scopus 로고    scopus 로고
    • Identification and the effects of monetary policy shocks
    • Mario I. Blejer, Evi Eckstein, and Leonardo Leiderman, eds., Cambridge, MA: Cambridge University Press
    • Christiano, Lawrence J.; Eichenbaum, Martin S. and Evans, Charles L. "Identification and the Effects of Monetary Policy Shocks," in Mario I. Blejer, Evi Eckstein, and Leonardo Leiderman, eds., Financial factors in economics stabilization and growth. Cambridge, MA: Cambridge University Press, 1996, pp. 36-74.
    • (1996) Financial Factors in Economics Stabilization and Growth , pp. 36-74
    • Christiano, L.J.1    Eichenbaum, M.S.2    Evans, C.L.3
  • 14
    • 84935322716 scopus 로고
    • Habit formation: A resolution of the equity premium puzzle
    • June
    • Constantinides, George M. "Habit Formation: A Resolution of the Equity Premium Puzzle." Journal of Political Economy, June 1990, 98(3), pp. 519-43.
    • (1990) Journal of Political Economy , vol.98 , Issue.3 , pp. 519-543
    • Constantinides, G.M.1
  • 16
    • 0000393708 scopus 로고    scopus 로고
    • Habit formation in consumer preferences: Evidence from panel data
    • June
    • Dynan, Karen E. "Habit Formation in Consumer Preferences: Evidence from Panel Data." American Economic Review, June 2000, 90(3), pp. 391-406.
    • (2000) American Economic Review , vol.90 , Issue.3 , pp. 391-406
    • Dynan, K.E.1
  • 17
    • 0004195940 scopus 로고    scopus 로고
    • Dynamic inconsistencies: Counterfactual implications of a class of rational expectations models
    • Cambridge, MA, December 4-5
    • Estrella, Arturo and Fuhrer, Jeffrey C. "Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational Expectations Models." Paper presented at the NBER Universities Research Conference, Cambridge, MA, December 4-5, 1998.
    • (1998) NBER Universities Research Conference
    • Estrella, A.1    Fuhrer, J.C.2
  • 18
    • 0039448757 scopus 로고    scopus 로고
    • Towards a compact, empirically-verified rational expectations model for monetary policy analysis
    • November
    • Fuhrer, Jeffrey C. "Towards a Compact, Empirically-Verified Rational Expectations Model for Monetary Policy Analysis." Carnegie-Rochester Conference Series on Public Policy, November 1997, 47, pp. 197-230.
    • (1997) Carnegie-Rochester Conference Series on Public Policy , vol.47 , pp. 197-230
    • Fuhrer, J.C.1
  • 19
    • 38249014162 scopus 로고
    • Monetary policy rules and the indicator properties of asset prices
    • April
    • Fuhrer, Jeffrey C. and Moore, George R. "Monetary Policy Rules and the Indicator Properties of Asset Prices." Journal of Monetary Economics, April 1992, 29(2), pp. 303-36.
    • (1992) Journal of Monetary Economics , vol.29 , Issue.2 , pp. 303-336
    • Fuhrer, J.C.1    Moore, G.R.2
  • 20
    • 84885569259 scopus 로고
    • Inflation persistence
    • February
    • _. "Inflation Persistence." Quarterly Journal of Economics, February 1995a, 110(1), pp. 127-59.
    • (1995) Quarterly Journal of Economics , vol.110 , Issue.1 , pp. 127-159
  • 21
    • 0001180692 scopus 로고
    • Monetary policy trade-offs and the correlation between nominal interest rates and real output
    • March
    • _. "Monetary Policy Trade-offs and the Correlation between Nominal Interest Rates and Real Output." American Economic Review, March 1995b, 85(1), pp. 219-39.
    • (1995) American Economic Review , vol.85 , Issue.1 , pp. 219-239
  • 22
    • 0000199091 scopus 로고
    • Estimating the linear-quadratic inventory model: Maximum likelihood versus generalized method of moments
    • February
    • Fuhrer, Jeffrey C.; Moore, George R. and Schuh, Scott D. "Estimating the Linear-Quadratic Inventory Model: Maximum Likelihood versus Generalized Method of Moments." Journal of Monetary Economics, February 1995, 35(1), pp. 115-57.
    • (1995) Journal of Monetary Economics , vol.35 , Issue.1 , pp. 115-157
    • Fuhrer, J.C.1    Moore, G.R.2    Schuh, S.D.3
  • 23
    • 0000155749 scopus 로고
    • Stochastic implications of the life-cycle/permanent income hypothesis: Theory and evidence
    • December
    • Hall, Robert E. "Stochastic Implications of the Life-Cycle/Permanent Income Hypothesis: Theory and Evidence." Journal of Political Economy, December 1978, 86(6), pp. 971-87.
    • (1978) Journal of Political Economy , vol.86 , Issue.6 , pp. 971-987
    • Hall, R.E.1
  • 24
    • 0000278184 scopus 로고    scopus 로고
    • Asset pricing in production economies
    • April
    • Jermann, Urban J. "Asset Pricing in Production Economies." Journal of Monetary Economics, April 1998, 41(2), pp. 257-75.
    • (1998) Journal of Monetary Economics , vol.41 , Issue.2 , pp. 257-275
    • Jermann, U.J.1
  • 27
    • 0000982769 scopus 로고    scopus 로고
    • Tax policy and aggregate demand management under catching up with the joneses
    • March
    • Ljungqvist, Lars and Uhlig, Harald. "Tax Policy and Aggregate Demand Management Under Catching Up with the Joneses." American Economic Review, March 2000, 90(3), pp. 356-366.
    • (2000) American Economic Review , vol.90 , Issue.3 , pp. 356-366
    • Ljungqvist, L.1    Uhlig, H.2
  • 31
    • 1842762401 scopus 로고    scopus 로고
    • An optimizing IS-LM specification for monetary policy and business cycle analysis
    • August 3
    • McCallum, Bennett T. and Nelson, Edward. "An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis." Journal of Money, Credit, and Banking, August 1999a, Pt. 1, 31(3), pp. 296-316.
    • (1999) Journal of Money, Credit, and Banking , vol.31 , Issue.1 PART , pp. 296-316
    • McCallum, B.T.1    Nelson, E.2
  • 32
    • 0002452319 scopus 로고    scopus 로고
    • Performance of operational policy rules in an estimated semi-classical structural model
    • John B. Taylor, ed., Chicago: University of Chicago Press
    • _. "Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model," in John B. Taylor, ed., Monetary policy rules. Chicago: University of Chicago Press, 1996b, pp. 15-45.
    • (1996) Monetary Policy Rules , pp. 15-45
  • 33
    • 0031184830 scopus 로고    scopus 로고
    • Is inflation sticky?
    • July
    • Roberts, John M. "Is Inflation Sticky?" Journal of Monetary Economics, July 1997, 39(2), pp. 173-96.
    • (1997) Journal of Monetary Economics , vol.39 , Issue.2 , pp. 173-196
    • Roberts, J.M.1
  • 34
    • 85037750972 scopus 로고    scopus 로고
    • A study of transitions from low to high saving rates
    • Washington, DC, September 16-18
    • Rodrik, Dani. "A Study of Transitions from Low to High Saving Rates." Paper presented at the World Bank Conference, Washington, DC, September 16-18, 1998.
    • (1998) World Bank Conference
    • Rodrik, D.1
  • 35
    • 0000867933 scopus 로고
    • Does monetary policy matter? A new test in the spirit of friedman and schwartz
    • Olivier Jean Blanchard and Stanley Fischer, eds., Cambridge, MA: MIT Press
    • Romer, Christina D. and Romer, David H. "Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz," in Olivier Jean Blanchard and Stanley Fischer, eds., NBER macroeconomics annual: 1989. Cambridge, MA: MIT Press, 1989, pp. 121-70.
    • (1989) NBER Macroeconomics Annual: 1989 , pp. 121-170
    • Romer, C.D.1    Romer, D.H.2
  • 36
    • 0345982186 scopus 로고    scopus 로고
    • An optimization-based econometric framework for the evaluation of monetary policy
    • Ben S. Bemanke and Julio J. Rotemberg, eds., Cambridge, MA: MIT Press
    • Rotemberg, Julio R. and Woodford, Michael. "An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy," in Ben S. Bemanke and Julio J. Rotemberg, eds., NBER macroeconomics annual: 1997. Cambridge, MA: MIT Press, 1997, pp. 297-346.
    • (1997) NBER Macroeconomics Annual: 1997 , pp. 297-346
    • Rotemberg, J.R.1    Woodford, M.2
  • 37
    • 0003053945 scopus 로고
    • Aggregate dynamics and staggered contracts
    • February
    • Taylor, John B. "Aggregate Dynamics and Staggered Contracts." Journal of Political Economy, February 1980, 88(1), pp. 1-23.
    • (1980) Journal of Political Economy , vol.88 , Issue.1 , pp. 1-23
    • Taylor, J.B.1
  • 38
    • 43949165060 scopus 로고
    • Discretion versus policy rules in practice
    • December
    • _. "Discretion Versus Policy Rules in Practice." Carnegie-Rochester Conference Series on Public Policy, December 1993, 39, pp. 195-214.
    • (1993) Carnegie-Rochester Conference Series on Public Policy , vol.39 , pp. 195-214
  • 40
    • 0000681551 scopus 로고
    • The construction of U.S. Consumption data: Some facts and their implications for empirical work
    • September
    • Wilcox, David W. "The Construction of U.S. Consumption Data: Some Facts and Their Implications for Empirical Work." American Economic Review, September 1992, 82(4), pp. 922-41.
    • (1992) American Economic Review , vol.82 , Issue.4 , pp. 922-941
    • Wilcox, D.W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.