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Friday, May 8, 2020 | History

4 edition of A leisurely reading of the life-cycle consumption data found in the catalog.

A leisurely reading of the life-cycle consumption data

James Bullard

A leisurely reading of the life-cycle consumption data

by James Bullard

  • 246 Want to read
  • 17 Currently reading

Published by Federal Reserve Bank of St. Louis in [St. Louis, Mo.] .
Written in English

    Subjects:
  • Consumption (Economics),
  • Leisure.

  • Edition Notes

    StatementJames Bullard and James Feigenbaum.
    SeriesWorking paper ;, 2003-017C, Working paper (Federal Reserve Bank of St. Louis : Online) ;, 2003-017C.
    ContributionsFeigenbaum, James., Federal Reserve Bank of St. Louis.
    Classifications
    LC ClassificationsHB1
    The Physical Object
    FormatElectronic resource
    ID Numbers
    Open LibraryOL3476420M
    LC Control Number2005615906

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A leisurely reading of the life-cycle consumption data by James Bullard Download PDF EPUB FB2

Downloadable. A puzzle in consumption theory is the observation of a hump in age-consumption profiles. We study a general equilibrium life-cycle economy with capital in which households include both consumption and leisure in their period utility function.

We calibrate the model and find that a significant hump in life-cycle consumption is a feature of the equilibrium. A leisurely reading of the life-cycle consumption data "One of the major puzzles in consumption theory currently is the observation of a hump in age-consumption profiles.

Whereas the standard life-cycle permanent income hypothesis predicts that consumption should be smooth and.

His research primarily focuses on life-cycle consumption and saving, general equilibrium calibration and simulation, computational methods, and quantitative finance. He has played a key role in a literature that builds life-cycle models that are capable of reproducing A leisurely reading of the life-cycle consumption data book most important features of the life-cycle consumption/saving experience.

"A Leisurely Reading of the Life Cycle Consumption Data," with James Feigenbaum, Journal of Monetary Economics, November54(8), pp. Working Paper Version. "Determinacy, Learnability, and Monetary Policy Inertia," with Kaushik Mitra, Journal of Money, Credit.

"A leisurely reading of the life-cycle consumption data," Journal of Monetary Economics, Elsevier, vol. 54(8), pagesNovember.

James B. Bullard & James Feigenbaum, " A leisurely reading of the life-cycle consumption data," Working PapersFederal Reserve Bank of St. Louis. Consumer spending, or personal consumption expenditures (PCE), is the value of the goods and services purchased by, or on the behalf of, U.S.

residents. At the national level, BEA publishes annual, quarterly, and monthly estimates of consumer spending. Current Release. Current Release: Janu Next Release: Febru Presentation.

"A Leisurely Reading of the Life-Cycle Consumption Data." Presented at the Meetings of the Society for Economic Dynamics. Paris, France. May Presentation. "Intermediaries and Payments Instruments." Presented at the Banking and Payments Workshop. Federal Reserve Bank of Cleveland.

Cleveland, Ohio. May Presentation. A leisurely reading of the life-cycle consumption data. Working paper, Federal Reserve Bank of St Neoclassical life-cycle consumption: a textbook example Jan Life-cycle income, mortality risk and health status are exogenous in the model and calibrated on Swedish data.

Life-cycle consumption is endogenous and matches well Swedish Consumer Expenditure. Heckman, J. () Life Cycle Consumption and Labor Supply: An Explanation of the Relationship between Income and Consumption over the Life Cycle.

American Economic Review, 64, Bütler, M. () Neoclassical Life-cycle Consumption: A Textbook Example. Economic Theory, 17, Author: Emin Gahramanov, Xueli Tang. We argue that a full understanding of a rational labor supply choice in a standard dynamic life cycle framework is obscure, despite the framework’s being seemingly self-explanatory, straight-forward, and intuitively sensible.

In a completely friction-free environment, we, to our knowledge, are the first to provide a complete analytic solution to the benchmark model that presumes a kind of Author: Emin Gahramanov, Xueli Tang. Kiyotaka Tahara et al: 'Life-cycle greenhouse gas emissions of e-books vs.

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