Munich Personal RePEc Archive

Intertemporal substitution and durable goods: long-run data

Reinhart, Carmen and Ogaki, Masao (1998): Intertemporal substitution and durable goods: long-run data.

[thumbnail of MPRA_paper_13683.pdf]

Download (109kB) | Preview


In this paper, we use long-run annual data to estimate the intertemporal elasticity of substitution while accounting for the intra-temporal substitution between nondurable consumption goods and durable consumption goods. We apply a two-step procedure that combines a cointegration approach to preference parameter estimation with Generalized Method of Moments.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.