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On impatience and policy effectiveness /
An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen pri...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autores Corporativos: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
|
| Colección: | IMF working paper ;
WP/09/18. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Bayoumi, Tamim A., |e author. | |
| 245 | 1 | 0 | |a On impatience and policy effectiveness / |c prepared by Tamim Bayoumi and Silvia Sgherri. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2009. | ||
| 300 | |a 1 online resource (1 electronic resource (28 pages)) : |b illustrations (some color) | ||
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| 490 | 1 | |a IMF working paper ; |v WP/09/18 | |
| 500 | |a At head of title: Western Hemisphere Department and European Department. | ||
| 500 | |a "January 2009." | ||
| 504 | |a Includes bibliographical references (pages 17-19). | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen private sectors' planning horizon. In an overlapping-generations model, in which individuals discount the future more rapidly than implied by the market rate of interest, we find indeed evidence of a falling degree of impatience, providing empirical support for this hypothesis. The degree of persistence. | ||
| 505 | 0 | |a I. Introduction; II. Theoretical Model; III. Empirical Estimates; IV. Analysis and Discussion; V. Conclusions and Policy Implications; References; Tables; 1. United States: Unit Root Tests; 2. United States: Cointegration Tests; 3. United States: Estimates of Unrestricted Model (Eq. 10); 4. United States: Estimates of Restricted Model with Impatient Consumers (Eq. 9); Figures; 1. United States: The Data, 1955-2005; 2. United States: Validity of Model Restrictions over Time; 3. United States: Time Variation in the Discount Wedge | |
| 505 | 8 | |a 4. United States: Time Variation in the Persistence of Income/Policy Shocks5. United States: Time Variation in Income/Policy Multiplier; 6. United States: Counterfactual Analysis | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Fiscal policy. | |
| 650 | 0 | |a Economic policy. | |
| 650 | 6 | |a Politique fiscale. | |
| 650 | 6 | |a Politique économique. | |
| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 700 | 1 | |a Sgherri, Silvia, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Western Hemisphere Department. | |
| 710 | 2 | |a International Monetary Fund. |b European Department. | |
| 758 | |i has work: |a On impatience and policy effectiveness (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFt7CXhTkmVckmTPr6FHYP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Bayoumi, Tamim A. |t On impatience and policy effectiveness. |d [Washington, D.C.] : International Monetary Fund, ©2009 |w (OCoLC)469082245 |
| 830 | 0 | |a IMF working paper ; |v WP/09/18. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608132 |z Texto completo |
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