메뉴 건너뛰기




Volumn 106, Issue 5, 1998, Pages 1078-1098

Measuring intertemporal substitution: The role of durable goods

Author keywords

Economic theory; Elasticity; Methodology; Substitution

Indexed keywords

ECONOMIC THEORY; ELASTICITY; METHODOLOGY; SUBSTITUTION;

EID: 0032469013     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/250040     Document Type: Article
Times cited : (257)

References (42)
  • 1
    • 0001758906 scopus 로고
    • Heteroskedasticity and autocorrelation consistent covariance matrix estimation
    • May
    • Andrews, Donald W. K. "Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation." Econometrica 59 (May 1991): 817-58.
    • (1991) Econometrica , vol.59 , pp. 817-858
    • Andrews, D.W.K.1
  • 2
    • 0010664337 scopus 로고
    • Nonlinear econometric models with deterministically trending variables
    • July
    • Andrews, Donald W. K., and McDermott, C. John, "Nonlinear Econometric Models with Deterministically Trending Variables." Rev. Econ. Studies 62 (July 1995): 343-60.
    • (1995) Rev. Econ. Studies , vol.62 , pp. 343-360
    • Andrews, D.W.K.1    McDermott, C.J.2
  • 3
    • 0000383942 scopus 로고
    • An improved heteroskedasticity and autocorrelation consistent covariance matrix estimator
    • July
    • Andrews, Donald W. K., and Monahan, J. Christopher. ''An Improved Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator." Econometrica 60 (July 1992): 953-66.
    • (1992) Econometrica , vol.60 , pp. 953-966
    • Andrews, D.W.K.1    Monahan, J.C.2
  • 4
    • 0030497327 scopus 로고    scopus 로고
    • Wealth-varying intertemporal elasticities of substitution: Evidence from panel and aggregate data
    • December
    • Atkeson, Andrew, and Ogaki, Masao. "Wealth-Varying Intertemporal Elasticities of Substitution: Evidence from Panel and Aggregate Data." J. Monetary Econ. 38 (December 1996): 507-34.
    • (1996) J. Monetary Econ. , vol.38 , pp. 507-534
    • Atkeson, A.1    Ogaki, M.2
  • 5
    • 0001678704 scopus 로고
    • Measuring the average marginal tax rate from the individual income tax
    • October
    • Barro, Robert J., and Sahasakul, Chaipat. "Measuring the Average Marginal Tax Rate from the Individual Income Tax." J. Bus. 56 (October 1983): 419-52.
    • (1983) J. Bus. , vol.56 , pp. 419-452
    • Barro, R.J.1    Sahasakul, C.2
  • 6
    • 0001355348 scopus 로고
    • Permanent income, liquidity, and expenditure on automobiles: Evidence from panel data
    • August
    • Bernanke, Ben S. "Permanent Income, Liquidity, and Expenditure on Automobiles: Evidence from Panel Data." Q.J.E. 99 (August 1984): 587-614.
    • (1984) Q.J.E. , vol.99 , pp. 587-614
    • Bernanke, B.S.1
  • 7
    • 85055295231 scopus 로고    scopus 로고
    • Durable goods: An explanation for their slow adjustment
    • April
    • Caballero, Ricardo J. "Durable Goods: An Explanation for Their Slow Adjustment." J.P.E. 101 (April 1998): 351-84.
    • (1998) J.P.E. , vol.101 , pp. 351-384
    • Caballero, R.J.1
  • 8
    • 21344439782 scopus 로고    scopus 로고
    • A time series analysis of real wages, consumption, and asset returns
    • March-April
    • Cooley, Thomas F., and Ogaki, Masao. "A Time Series Analysis of Real Wages, Consumption, and Asset Returns." J. Appl. Econometrics 11 (March-April 1996): 119-34.
    • (1996) J. Appl. Econometrics , vol.11 , pp. 119-134
    • Cooley, T.F.1    Ogaki, M.2
  • 9
    • 38249040011 scopus 로고
    • Modeling the term structure of interest rates under non-separable utility and durability of goods
    • September
    • Dunn, Kenneth B., and Singleton, Kenneth J. "Modeling the Term Structure of Interest Rates under Non-separable Utility and Durability of Goods." J. Financial Econ. 17 (September 1986): 27-55.
    • (1986) J. Financial Econ. , vol.17 , pp. 27-55
    • Dunn, K.B.1    Singleton, K.J.2
  • 11
    • 84937319609 scopus 로고
    • Adjustment of consumers' durables stocks: Evidence from automobile purchases
    • June
    • Eberly, Janice C. "Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases." J.P.E. 102 (June 1994): 403-36.
    • (1994) J.P.E. , vol.102 , pp. 403-436
    • Eberly, J.C.1
  • 12
    • 0010098416 scopus 로고
    • Estimating models with intertemporal substitution using aggregate time series data
    • January
    • Eichenbaum, Martin, and Hansen, Lars Peter. "Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data." J. Bus. and Econ. Statis. 8 (January 1990): 53-69.
    • (1990) J. Bus. and Econ. Statis. , vol.8 , pp. 53-69
    • Eichenbaum, M.1    Hansen, L.P.2
  • 13
    • 0000999742 scopus 로고
    • Intertemporal substitution and durable goods: An empirical analysis
    • February
    • Fauvel, Yvon, and Samson, Lucie. "Intertemporal Substitution and Durable Goods: An Empirical Analysis." Canadian J. Econ. 24 (February 1991): 192-205.
    • (1991) Canadian J. Econ. , vol.24 , pp. 192-205
    • Fauvel, Y.1    Samson, L.2
  • 16
    • 84936526550 scopus 로고
    • Intertemporal substitution in consumption
    • April
    • Hall, Robert E. "Intertemporal Substitution in Consumption." J.P.E. 96 (April 1988): 339-57.
    • (1988) J.P.E. , vol.96 , pp. 339-357
    • Hall, R.E.1
  • 17
    • 0001748318 scopus 로고    scopus 로고
    • Small sample properties of canonical cointegrating regressions
    • Han, Hsiang-Ling. "Small Sample Properties of Canonical Cointegrating Regressions." Empirical Econ. 21, no. 2 (1996): 235-53.
    • (1996) Empirical Econ. , vol.21 , Issue.2 , pp. 235-253
    • Han, H.-L.1
  • 18
    • 0031498745 scopus 로고    scopus 로고
    • Consumption, income and cointegration: Further analysis
    • 2d quarter
    • Han, Hsiang-Ling, and Ogaki, Masao. "Consumption, Income and Cointegration: Further Analysis." Internat. Rev. Econ. and Finance 6 (2d quarter 1997): 107-17.
    • (1997) Internat. Rev. Econ. and Finance , vol.6 , pp. 107-117
    • Han, H.-L.1    Ogaki, M.2
  • 19
    • 85017108575 scopus 로고
    • Generalized instrumental variables estimation of nonlinear rational expectations models
    • September
    • Hansen, Lars Peter, and Singleton, Kenneth J. "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models." Econometrics 50 (September 1982): 1269-86.
    • (1982) Econometrics , vol.50 , pp. 1269-1286
    • Hansen, L.P.1    Singleton, K.J.2
  • 20
    • 0030529419 scopus 로고    scopus 로고
    • Efficient estimation of linear asset-pricing models with moving average errors
    • January
    • _. "Efficient Estimation of Linear Asset-Pricing Models with Moving Average Errors." J. Bus. and Econ. State. 14 (January 1996): 53-68.
    • (1996) J. Bus. and Econ. State. , vol.14 , pp. 53-68
  • 21
    • 0345510809 scopus 로고
    • Statistical analysis of cointegration vectors
    • June/September
    • Johansen, Søren. "Statistical Analysis of Cointegration Vectors." J. Econ. Dynamics and Control 12 (June/September 1988): 231-54.
    • (1988) J. Econ. Dynamics and Control , vol.12 , pp. 231-254
    • Johansen, S.1
  • 22
    • 0000484063 scopus 로고
    • On tests of representative consumer asset pricing models
    • October
    • Kocherlakota, Narayana R. "On Tests of Representative Consumer Asset Pricing Models." J. Monetary Econ. 26 (October 1990): 285-304.
    • (1990) J. Monetary Econ. , vol.26 , pp. 285-304
    • Kocherlakota, N.R.1
  • 23
    • 0011663573 scopus 로고
    • Irreversibility and consumer durables expenditures
    • January
    • Lam, Pok-sang. "Irreversibility and Consumer Durables Expenditures." J. Monetary Econ. 23 (January 1989); 135-50.
    • (1989) J. Monetary Econ. , vol.23 , pp. 135-150
    • Lam, P.-S.1
  • 24
    • 0001062003 scopus 로고
    • Consumer durables and the real interest rate
    • August
    • Mankiw, N. Gregory. "Consumer Durables and the Real Interest Rate.'" Rev. Econ. and Statis. 67 (August 1985): 353-62.
    • (1985) Rev. Econ. and Statis. , vol.67 , pp. 353-362
    • Mankiw, N.G.1
  • 25
    • 0012938770 scopus 로고
    • Durable goods owned by consumers in the United States, 1925-77
    • March
    • Musgrave, John C. "Durable Goods Owned by Consumers in the United States, 1925-77." Survey Current Bus. 59 (March 1979): 17-25.
    • (1979) Survey Current Bus. , vol.59 , pp. 17-25
    • Musgrave, J.C.1
  • 26
    • 43549125199 scopus 로고
    • Engel's law and cointegration
    • October
    • Ogaki, Masao. "Engel's Law and Cointegration." J.P.E. 100 (October 1992): 1027-46.
    • (1992) J.P.E. , vol.100 , pp. 1027-1046
    • Ogaki, M.1
  • 27
    • 0004264179 scopus 로고
    • Working Paper no. 349, Rochester, N.Y.: Univ. Rochester, Center Econ. Res. (a)
    • _. "CCR: A User Guide." Working Paper no. 349, Rochester, N.Y.: Univ. Rochester, Center Econ. Res., 1993. (a)
    • (1993) CCR: A User Guide
  • 28
    • 0344658157 scopus 로고
    • Generalised method of moments: Econometric applications
    • Econometrics, edited by G. S. Maddala, C. R. Rao, and H. D. Vinod, Amsterdam: North-Holland (b)
    • _. "Generalised Method of Moments: Econometric Applications." In Econometrics, edited by G. S. Maddala, C. R. Rao, and H. D. Vinod. Handbook of Statistics, vol. 11, Amsterdam: North-Holland, 1993. (b)
    • (1993) Handbook of Statistics , vol.11
  • 29
    • 0008081915 scopus 로고
    • Working Paper no. 348. Rochester, N.Y.: Univ. Rochester, Center Econ. Res. (c)
    • _, "GMM: A User Guide." Working Paper no. 348. Rochester, N.Y.: Univ. Rochester, Center Econ. Res., 1993. (c)
    • (1993) GMM: A User Guide
  • 30
    • 0000974525 scopus 로고
    • Unit roots in macroeconometrics: A survey
    • November (d)
    • _. "Unit Roots in Macroeconometrics: A Survey." Bank of Japan Monetary and Econ. Studies 11 (November 1993): 131-54. (d)
    • (1993) Bank of Japan Monetary and Econ. Studies , vol.11 , pp. 131-154
  • 31
    • 0040663798 scopus 로고    scopus 로고
    • Manuscript. Columbus: Ohio State Univ., Dept. Econ.
    • _. "Structural Econometrics for Macroeconomists." Manuscript. Columbus: Ohio State Univ., Dept. Econ., 1998.
    • (1998) Structural Econometrics for Macroeconomists
  • 32
    • 0000472416 scopus 로고    scopus 로고
    • A cointegration approach to estimating preference parameters
    • January
    • Ogaki, Masao, and Park, Joon Y. "A Cointegration Approach to Estimating Preference Parameters." J. Econometrics 82 (January 1998): 107-34.
    • (1998) J. Econometrics , vol.82 , pp. 107-134
    • Ogaki, M.1    Park, J.Y.2
  • 34
    • 0345089035 scopus 로고    scopus 로고
    • Intertemporal substitution and durables: Long-run data
    • in press
    • _. "Intertemporal Substitution and Durables: Long-Run Data." Econ. Letters (1998), in press.
    • (1998) Econ. Letters
  • 35
    • 33750668215 scopus 로고    scopus 로고
    • Saving behavior in low- and middle-income developing countries: A comparison
    • March
    • Ogaki, Masao; Ostry, Jonathan D.; and Reinhart, Carmen M. "Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison." IMF Staff Papers 43 (March 1996): 38-71.
    • (1996) IMF Staff Papers , vol.43 , pp. 38-71
    • Ogaki, M.1    Ostry, J.D.2    Reinhart, C.M.3
  • 36
    • 0000474505 scopus 로고
    • Private saving and terms of trade shocks: Evidence from developing countries
    • September
    • Ostry, Jonathan D., and Reinhart, Carmen M. "Private Saving and Terms of Trade Shocks: Evidence from Developing Countries." IMF Staff Papers 39 (September 1992): 495-517.
    • (1992) IMF Staff Papers , vol.39 , pp. 495-517
    • Ostry, J.D.1    Reinhart, C.M.2
  • 37
    • 0000155426 scopus 로고
    • Testing for unit roots and cointegration by variable addition
    • Cointegration, Spurious Regressions, and Unit Roots, edited by Thomas B. Fomby and George F. Rhodes, Jr. Greenwich, Conn.: JAI
    • Park, Joon Y. "Testing for Unit Roots and Cointegration by Variable Addition." In Cointegration, Spurious Regressions, and Unit Roots, edited by Thomas B. Fomby and George F. Rhodes, Jr. Advances in Econometrics, vol. 8. Greenwich, Conn.: JAI, 1990.
    • (1990) Advances in Econometrics , vol.8
    • Park, J.Y.1
  • 38
    • 0002489138 scopus 로고
    • Canonical cointegrating regressions
    • January
    • _. "Canonical Cointegrating Regressions." Econometrica 60 (January 1992): 119-43.
    • (1992) Econometrica , vol.60 , pp. 119-143
  • 40
    • 84948489011 scopus 로고
    • Testing for common trends
    • December
    • Stork, James H., and Watson, Mark W. "Testing for Common Trends." J. American Statis. Assoc. 83 (December 1988): 1097-1107.
    • (1988) J. American Statis. Assoc. , vol.83 , pp. 1097-1107
    • Stork, J.H.1    Watson, M.W.2
  • 41
    • 0031409163 scopus 로고    scopus 로고
    • How forecastable is consumption growth? new evidence on the hall random-walk hypothesis
    • November
    • Viard, Alan D. "How Forecastable Is Consumption Growth? New Evidence on the Hall Random-Walk Hypothesis." Appl. Econ. 29 (November 1997): 1435-46.
    • (1997) Appl. Econ. , vol.29 , pp. 1435-1446
    • Viard, A.D.1
  • 42
    • 0001260161 scopus 로고
    • Capital depreciation in the postwar period: Automobiles
    • May
    • Wykoff, Frank C. "Capital Depreciation in the Postwar Period: Automobiles." Rev. Econ. and Statis. 52 (May 1970): 168-72.
    • (1970) Rev. Econ. and Statis. , vol.52 , pp. 168-172
    • Wykoff, F.C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.