Travaglini, Giuseppe (2012): Note sulla teoria del consumo.
Download (380kB) | Preview
This is a short survey on consumption theory. Consumption is important to both fluctuation and growth. In addition, consumption introduces some important issues involving financial markets and portfolio decisions. We will describe consumption decisions in a dynamic context. Uncertainty about income and interest rates are introduce in the second part of the paper. The interaction between consumption decisions and portfolio choice is investigated in the third part of the paper.
|Item Type:||MPRA Paper|
|Original Title:||Note sulla teoria del consumo|
|English Title:||Notes on consumption theory|
|Keywords:||Consumption; dynamic; uncertainty, portfolio choice|
|Subjects:||D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory
C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods
D - Microeconomics > D9 - Intertemporal Choice > D91 - Intertemporal Household Choice ; Life Cycle Models and Saving
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth
|Depositing User:||Giuseppe Travaglini|
|Date Deposited:||24. Jan 2012 07:43|
|Last Modified:||04. Jan 2016 18:27|
Cochrane John (2001. Asset Pricing, Princeton University Press.
Deaton A. (1992. Understanding Consumption, Claredon Lectures in Economics, Oxford.
Obstfeld M. e K. Rogoff (1996). Foundation of International Macroeconomics, MIT Press.
Romer D. (2006). Advanced Macroeconomics, The McGraw Hill Companies.
Sargent T. (1987). Dynamic Macroeconomic Theory, Harvard University Press.
Saltari, E. e G. Travaglini (2006). The effects of future financing constraints on capital accumulation: Some new results on the constrained investment problem, Research in Economics, Elsevier, vol. 60(2), pages 85-96, June.
Saltari E. e G. Travaglini (2010). Behavioral Portfolio Choice and Disappointment Aversion: An Analytical Solution with "Small" Risks, in Nonlinear Dynamics in Economics, Finance and Social Sciences, Essays in Honour of John Barkley Rosser Jr, edited by Gian Italo Bischi, Carl Chiarella and Laura Gardini, Springer-Verlag Berlin.
Travaglini G. (2008). An exact consumption rule with liquidity constraints and stochastic income, Economics Bulletin, vol. 5(6), pages 1-9.
Turnovsky S. (2000). Methods of Macroeconomic Dynamics, MIT Press