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2 research outcomes, page 1 of 1
  • publication . Research . Article . Preprint . 2006
    Intertemporal Choice and Consumption Mobility
    Open Access English
    Authors:
    Tullio Jappelli; Luigi Pistaferri;
    doi: 10.1162/jeea.2006.4.1.75 , 10.1162/154247606776014640
    handle: 10419/25464
    Publisher: Frankfurt a. M.: Goethe University Frankfurt, Center for Financial Studies (CFS)

    We test the validity of three models of intertemporal consumption choice (the permanent income hypothesis, the myopic model, and the consumption insurance model) by means of mobility indexes for the underlying consumption distribution. Each of the three models delivers ...

  • publication . Article . Preprint . 2007
    Do Countries Default in "Bad Times"?
    Open Access
    Authors:
    Mark L. J. Wright; Michael Tomz;
    doi: 10.24148/wp2007-17 , 10.1162/jeea.2007.5.2-3.352 , 10.2139/ssrn.1026384
    Publisher: Federal Reserve Bank of San Francisco

    This paper uses a new dataset to study the relationship between economic output and sovereign default for the period 1820-2004. We find a negative but surprisingly weak relationship between output and default. Throughout history, countries have indeed defaulted during b...

2 research outcomes, page 1 of 1