权益分类	功能权益	普通用户	{{item.name}}会员
{{category.name}}	{{benefitItem.name}}

Macroeconomic Analysis of Habit Formation

习惯形成的宏观经济分析

基本信息

批准号：
15530121
负责人：
IKEDA Shinsuke
金额：
$ 1.15万
依托单位：
Osaka University
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (C)
财政年份：
2003
资助国家：
日本
起止时间：
2003 至 2004
项目状态：
已结题

来源：
https://kaken.nii.ac.jp/en/grant/KAKENHI-PROJECT-15530121/
关键词：
habit formation two country model transfer paradox immiserizing growth current account fiscal policy luxury goods endogenous time preference 時間選好率弱非分離可能選好時間選好異時点間交易条件

项目摘要

Contributions to macroeconomics of habit formation are summarized in the following three papers(1) Ikeda (2003) : I give a comprehensive survey on macroeconomic theory of rational habit formation. It contribute in three points. Firstly, I clarify relationship between habit formation and preference parameters such as tune preference, inteitemporal elasticity of substitution, and the degree of risk aversion. Secondly, I survey empirical implications of habit formation for various stylized facts such as risk premium puzzle and consumption excess smoothness. Thirdly, I examine implications for macroeconomic dynamics such as the issues of consumption-saving decision, the current account, endogenous growth, and labor supply.(2) Gombi and Ikeda (2003) : We examine we are effects of income transfers between heterogeneous two countries with habit formation. It is shown that with internationally heterogeneous habit formation, an international income transfer affects the world interest rate, whic … More h can harm the recipient country through the intertemporal teams of trade effect. The paper was presented as an invited lecture at the 2003 Annual Meeting of JEA.(3) Ikeda and Gombi (2004) : We examine the determination of consumption-, current accounts, the interest rate and welfare in an two-country world economy with habit formation. We define 'surplus income' to represent how easily a country can save under habit formation, and thereby showing that a country with a larger (smaller) surplus income becomes a creditor (debtor). As a welfare implication, we show the possibility that an increase in a lump-sum tax in a country can improve the country due to a beneficial intertemporal terms of trade effect. The paper was presented at the 79^<th> Western Economic Association International.I also examine macroeconomic implications of endogenous time preference. In particular, Ikeda (forthcoming in IER) develops a dynamic theory of luxury consumption, thereby showing macroeconomic implications of luxury. Less

在习惯形成的宏观经济学的贡献总结在以下三篇论文（1）池田（2003）：我给一个全面的宏观经济学理论的理性习惯形成的综述。它的贡献有三点。首先，阐明了偏好参数（如时间偏好、替代弹性和风险规避程度）与习惯形成的关系。其次，我调查习惯形成的各种程式化的事实，如风险溢价之谜和消费过度平滑的经验意义。第三，我研究了宏观经济动态的含义，如消费储蓄决策，经常账户，内生增长和劳动力供给的问题。(2)Gombi和Ikeda（2003）：我们研究了具有习惯形成的异质性两个国家之间的收入转移的影响。研究表明，在国际异质性习惯形成的情况下，国际收入转移会影响世界利率， ...更多信息 h可以通过跨期贸易效应团队损害接受国。该论文作为特邀报告在2003年JEA年会上发表。(3)Ikeda and Gombi（2004）：我们研究了在习惯形成的两个国家的世界经济中消费、经常账户、利率和福利的决定。我们将“剩余收入”定义为一个国家在习惯形成下储蓄的容易程度，从而表明一个拥有较大（较小）剩余收入的国家成为债权人（债务人）。作为一个福利的影响，我们表明，在一个国家的一次性总付税的增加，可以改善该国由于有利的跨期贸易条件的影响的可能性。这篇论文发表在79年的<th>西方经济学会国际会议上。我还研究了内生时间偏好的宏观经济含义。特别是，池田（即将在IER）发展了一个动态的奢侈品消费理论，从而显示了奢侈品的宏观经济影响。少