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Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy

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Author Info
Meixing Dai () (BETA-Theme, Univerty Louis Pasteur (Strasbourg 1))

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Abstract

In this paper, we propose two alternative formulations of representative consumer¡¯s endogenous time preference that depends on consumption as well as wealth and/or revenue. We solve one of these formulations and apply it to study the effectiveness of fiscal policies in a small open economy facing a perfect international financial market

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File URL: http://economicsbulletin.vanderbilt.edu/2007/volume8/EB-07H30003A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 8 (2007)
Issue (Month): 7 ()
Pages: 1-7
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:8:y:2007:i:7:p:1-7

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Related research
Keywords: and small open economy.; Endogenous time preference; fiscal policy; wealth;

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Find related papers by JEL classification:
H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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  13. repec:fth:harver:1504 is not listed on IDEAS
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