Dynamic analyses of endogenous time preference, habit formation, and non-expected utility risk aversion in open macroeconomics

本研究通过引入消费偏好（1）边际不耐烦递减的内生时间偏好、（2）习惯形成、（3）以非期望效用为代表的风险规避等，发展了开放宏观经济学的动态分析。然后，本研究[A]调查了主要宏观经济变量的确定（例如，经常账户），而[B]试图解决关于国际金融的各种难题（例如，远期溢价之谜）。

This research has developed dynamic analyses of open macroeconomics by introducing consumption preferences such as (1)endogenous time preference exhibiting decreasing marginal impatience, (2)habit formation, and (3)risk aversion represented by non-expected utility. Then, this research [A]has investigated determination of major macroeconomic variables (e.g., current accounts), and [B]has tried to solve various puzzles as for international finance (e.g., the forward premium puzzle).