We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
On the Aggregation of Euler Equations for Consumption in Simple Overlapping-Generations Models.
- Authors
Attanasio, Orazio P.; Weber, Guglielmo
- Abstract
The article demonstrates that entries and exits in the aggregate consumption growth equation produce a relationship between aggregate consumption growth and the interest rate that is different from the individual Euler equation for consumption. The assumption of an infinitely lived representative agent has been exploited to justify using National Accounts data to estimate the structural parameters of the model. The moment restrictions implied by the first-order conditions of the representative agent intertemporal optimization problem have been used to such a purpose.
- Subjects
UNITED States; CONSUMPTION (Economics); DEMAND for money; ECONOMIC indicators; FEDERAL funds market (U.S.); MONETARY policy
- Publication
Economica, 1995, Vol 62, Issue 248, p565
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2554678