We examine the intertemporal optimal consumption and investment problem in a continuous-time economy with a divisible durable good. Consumption services are assumed to be proportional to the stock of the good held and adjustment of the stock is costly, in that it involves the payment of a proportion
✦ LIBER ✦
Inflation Stabilisation and the Consumption of Durable Goods
✍ Scribed by José De Gregorio; Pablo Guidotti; Carlos Vegh
- Book ID
- 108557047
- Publisher
- John Wiley and Sons
- Year
- 1998
- Tongue
- English
- Weight
- 433 KB
- Volume
- 108
- Category
- Article
- ISSN
- 0013-0133
No coin nor oath required. For personal study only.
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