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The dynamic effects of permanent and transitory labor income on consumption

✍ Scribed by Barry Falk; Bong-Soo Lee

Book ID
114220875
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
166 KB
Volume
41
Category
Article
ISSN
0304-3932

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πŸ“œ SIMILAR VOLUMES

A systematic framework for analyzing the
A systematic framework for analyzing the dynamic effects of permanent and transitory shocks
✍ JesΓΊs Gonzalo; Serena Ng πŸ“‚ Article πŸ“… 2001 πŸ› Elsevier Science 🌐 English βš– 172 KB

This paper proposes a systematic framework for analyzing the dynamic e!ects of permanent and transitory shocks on a system of n economic variables. We consider a two-step orthogonolization on the residuals of a VECM with r cointegrating vectors. The "rst step separates the permanent from the transit