메뉴 건너뛰기




Volumn 31, Issue 8, 2007, Pages 2774-2801

Housing, portfolio choice and the macroeconomy

Author keywords

Business cycles; Heterogeneity; Life cycle

Indexed keywords


EID: 34347264901     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2006.09.009     Document Type: Article
Times cited : (28)

References (26)
  • 1
    • 21844504524 scopus 로고
    • Uninsured idiosyncratic risk and aggregate saving
    • Aiyagari R. Uninsured idiosyncratic risk and aggregate saving. Quarterly Journal of Economics 109 3 (1994) 659-684
    • (1994) Quarterly Journal of Economics , vol.109 , Issue.3 , pp. 659-684
    • Aiyagari, R.1
  • 2
    • 33845864601 scopus 로고    scopus 로고
    • Recent changes in U.S. family finances: evidence from the 1998 and 2001 Survey of Consumer Finances
    • Aizcorbe A., Kennickell B., and Moore K. Recent changes in U.S. family finances: evidence from the 1998 and 2001 Survey of Consumer Finances. Federal Reserve Bulletin 89 (2003) 1-32
    • (2003) Federal Reserve Bulletin , vol.89 , pp. 1-32
    • Aizcorbe, A.1    Kennickell, B.2    Moore, K.3
  • 3
    • 0001559689 scopus 로고
    • International evidence on the historical properties of business cycles
    • Backus D., and Kehoe P. International evidence on the historical properties of business cycles. American Economic Review 100 (1992) 864-888
    • (1992) American Economic Review , vol.100 , pp. 864-888
    • Backus, D.1    Kehoe, P.2
  • 4
    • 25844509862 scopus 로고    scopus 로고
    • Portfolio choice in the presence of housing
    • Cocco J. Portfolio choice in the presence of housing. Review of Financial Studies 18 2 (2005) 535-567
    • (2005) Review of Financial Studies , vol.18 , Issue.2 , pp. 535-567
    • Cocco, J.1
  • 5
    • 25844520759 scopus 로고    scopus 로고
    • Consumption and portfolio choice over the life-cycle
    • Cocco J., Gomes F., and Maenhout P. Consumption and portfolio choice over the life-cycle. Review of Financial Studies 18 2 (2005) 491-533
    • (2005) Review of Financial Studies , vol.18 , Issue.2 , pp. 491-533
    • Cocco, J.1    Gomes, F.2    Maenhout, P.3
  • 7
    • 0003317085 scopus 로고
    • Economic growth and business cycles
    • Cooley T. (Ed), Princeton University Press, Princeton
    • Cooley T., and Prescott E. Economic growth and business cycles. In: Cooley T. (Ed). Frontiers of Business Cycle Research (1995), Princeton University Press, Princeton 1-38
    • (1995) Frontiers of Business Cycle Research , pp. 1-38
    • Cooley, T.1    Prescott, E.2
  • 9
    • 34347217714 scopus 로고    scopus 로고
    • Díaz, A., Luengo-Prado, M., 2003. Precautionary savings and the wealth distribution with durable goods. Manuscript, Northeastern University.
  • 10
    • 34347264335 scopus 로고    scopus 로고
    • Fernández-Villaverde, J., Krueger, D., 2002. Consumption and saving over the life cycle: how important are consumer durables. Stanford Institute for Economic Policy Research Discussion Paper 01-34.
  • 11
    • 34347239496 scopus 로고    scopus 로고
    • Gourinchas, P., 2000. Precautionary savings, life cycle and macroeconomics. Manuscript, University of California-Berkeley.
  • 12
    • 34347245802 scopus 로고    scopus 로고
    • Gruber, J., Martin, R., 2003. Precautionary savings and the wealth distribution with illiquid durables. International Finance Discussion Paper Number 773, Board of Governors of the Federal Reserve System.
  • 13
    • 84986409625 scopus 로고
    • The cyclical and secular behavior of the labor input: comparing efficiency units and hours worked
    • Hansen G. The cyclical and secular behavior of the labor input: comparing efficiency units and hours worked. Journal of Applied Econometrics 8 (1993) 71-80
    • (1993) Journal of Applied Econometrics , vol.8 , pp. 71-80
    • Hansen, G.1
  • 14
    • 4243088649 scopus 로고    scopus 로고
    • Evaluating the effects of incomplete markets on risk sharing and asset prices
    • Heaton J., and Lucas D. Evaluating the effects of incomplete markets on risk sharing and asset prices. Journal of Political Economy 104 3 (1996) 443-487
    • (1996) Journal of Political Economy , vol.104 , Issue.3 , pp. 443-487
    • Heaton, J.1    Lucas, D.2
  • 15
    • 0030511150 scopus 로고    scopus 로고
    • Wealth distribution in life-cycle economies
    • Huggett M. Wealth distribution in life-cycle economies. Journal of Monetary Economics 38 3 (1996) 469-494
    • (1996) Journal of Monetary Economics , vol.38 , Issue.3 , pp. 469-494
    • Huggett, M.1
  • 16
    • 0001587871 scopus 로고    scopus 로고
    • On the distributional effects of social security reform
    • Huggett M., and Ventura G. On the distributional effects of social security reform. Review of Economic Dynamics 2 (1999) 498-531
    • (1999) Review of Economic Dynamics , vol.2 , pp. 498-531
    • Huggett, M.1    Ventura, G.2
  • 17
    • 0031374315 scopus 로고    scopus 로고
    • Income and wealth heterogeneity, portfolio choice, and equilibrium asset returns
    • Krusell P., and Smith A. Income and wealth heterogeneity, portfolio choice, and equilibrium asset returns. Macroeconomic Dynamics 1 2 (1997) 387-422
    • (1997) Macroeconomic Dynamics , vol.1 , Issue.2 , pp. 387-422
    • Krusell, P.1    Smith, A.2
  • 18
    • 0032451887 scopus 로고    scopus 로고
    • Income and wealth heterogeneity in the macroeconomy
    • Krusell P., and Smith A. Income and wealth heterogeneity in the macroeconomy. Journal of Political Economy 106 6 (1998) 867-896
    • (1998) Journal of Political Economy , vol.106 , Issue.6 , pp. 867-896
    • Krusell, P.1    Smith, A.2
  • 19
    • 34347270789 scopus 로고    scopus 로고
    • Peterson, B., 2003. Individual uncertainty, aggregate uncertainty and the housing market. Manuscript, Indiana University.
  • 20
    • 34347228376 scopus 로고    scopus 로고
    • Platania, J., Schlagenhauf, D., 2000. Housing and asset holding in a dynamic general equilibrium model. Manuscript, Florida State University.
  • 22
    • 18744391055 scopus 로고    scopus 로고
    • On adjusting the Hodrick-Prescott filter for the frequency of observations
    • Ravn M., and Uhlig H. On adjusting the Hodrick-Prescott filter for the frequency of observations. Review of Economics and Statistics 84 2 (2002) 371-380
    • (2002) Review of Economics and Statistics , vol.84 , Issue.2 , pp. 371-380
    • Ravn, M.1    Uhlig, H.2
  • 23
    • 0001598420 scopus 로고    scopus 로고
    • Life-cycle economies and aggregate fluctuations
    • Rios-Rull J.V. Life-cycle economies and aggregate fluctuations. Review of Economic Studies 63 (1996) 465-489
    • (1996) Review of Economic Studies , vol.63 , pp. 465-489
    • Rios-Rull, J.V.1
  • 24
    • 34347241174 scopus 로고    scopus 로고
    • Silos, P., 2005. Housing tenure and wealth distribution in life-cycle economies. Federal Reserve Bank of Atlanta Working Paper.
  • 25
    • 33646246971 scopus 로고    scopus 로고
    • Assessing Markov chain approximations: a minimal econometric approach
    • Silos P. Assessing Markov chain approximations: a minimal econometric approach. Journal of Economic Dynamics and Control 30 6 (2006) 1063-1079
    • (2006) Journal of Economic Dynamics and Control , vol.30 , Issue.6 , pp. 1063-1079
    • Silos, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.