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2 research outcomes, page 1 of 1
  • publication . Research . Article . Preprint . 2006
    Open Access English
    Authors:
    Tullio Jappelli; Luigi Pistaferri;
    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
    Open Access
    Authors:
    Mark L. J. Wright; Michael Tomz;
    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