Intertemporal dependence, impatience, and dynamics☆
References (34)
- et al.
Recursive utility and optimal capital accumulation, I. Existence
Journal of Economic Theory
(1989) Time preference and capital asset pricing models
Journal of Financial Economics
(1985)- et al.
Modeling the term structure of interest rates under nonseparable utility and durability of goods
Journal of Financial Economics
(1986) Stationary cardinal utility and optimal growth under uncertainty
Journal of Economic Theory
(1983)A simple dynamic general equilibrium model
Journal of Economic Theory
(1987)Redistributive taxation in a simple perfect foresight model
Journal of Public Economics
(1985)Debt and distortionary taxation in a simple perfect foresight model
Journal of Monetary Economics
(1987)- et al.
Optimal growth with many consumers
Journal of Economic Theory
(1984) Asymptotic behavior and optimal properties of a consumption-investment model with variable time preference
Journal of Economic Dynamics and Control
(1984)Money, time preference and external balance
European Economic Review
(1989)
Public investment, the rate of return, and optimal fiscal policy
(1970)
A theory of rational addiction
Journal of Political Economy
(1988)
On the long-run steady state in a simple dynamic model of equilibrium with heterogeneous households
Quarterly Journal of Economics
(1980)
Lectures on macroeconomics
(1989)
Time preference and international borrowing and lending in an overlapping generations model
Journal of Political Economy
(1981)
Consumption growth parallels income growth: Some new evidence
NBER working paper no. 3090
(1989)
Optimum growth in an aggregative model of capital accumulation
Review of Economic Studies
(1965)
Cited by (156)
Sustainability criterion implied externality pricing for resource extraction
2024, Economics LettersImpact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach
2023, Journal of MacroeconomicsDistributional effects of endogenous discounting
2023, Mathematical Social SciencesCross-country variation in patience, persistent current account imbalances and the external wealth of nations
2022, Journal of International Money and FinanceIntertemporal choice with health-dependent discounting
2021, Mathematical Social SciencesEndogenous discounting, investment and Tobin's q
2021, North American Journal of Economics and Finance
- ☆
This paper grew out of conversations with José Saúl Lizondo and Peter Montiel. It was written and partially researched while I was a visiting scholar in the research department of the International Monetary Fund, which I thank for its hospitality. Larry Epstein, Philippe Weil, and an anonymous referee made helpful comments, but the responsibility for any errors is mine. Research support from the National Science Foundation is acknowledged with thanks.
Copyright © 1990 Published by Elsevier B.V.