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Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum

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  • Clemens, Christiane
  • Soretz, Susanne

Abstract

Der vorliegende Beitrag analysiert den Einfluß von aggregierten Produktivitätsschocks auf die intertemporale Entscheidung risikoaverser Agenten. Dabei stehen insbesondere die Auswirkungen auf das langfristige Wachstum der Ökonomie im Vordergrund der Betrachtungen. Es wird gezeigt, daß neben der Höhe der individuellen Risikoneigung auch die Quelle der stochastischen Einkommen eine wesentliche Determinante für die Wirkungsrichtung der Zufallseinflüsse ist. Eine Erhöhung der Ersparnis beeinflußt sowohl den Erwartungswert als auch die Volatilität zukünftiger Einkommensströme. Aus diesem Grund führt das Zinsrisiko zu einem anderen individuellen Anpassungsverhalten als das Einkommensrisiko.

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File URL: http://diskussionspapiere.wiwi.uni-hannover.de/pdf_bib/dp-221.pdf
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Bibliographic Info

Paper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-221.

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Length: 22 pages
Date of creation: Mar 1999
Date of revision:
Handle: RePEc:han:dpaper:dp-221

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Keywords: Endogenes Wachstum; Einkommensrisiko; Zinsrisiko;

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References

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Citations

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Cited by:
  1. Ingrid Ott & Susanne Soretz, 2004. "Growth and Welfare Effects of Tax Cuts: The Case of a Productive Public Input with Technological Risk," Empirica, Springer, Springer, vol. 31(2), pages 117-135, June.
  2. Ingrid Ott & Susanne Soretz, 2002. "Fiscal Policy in a Stochastic Model of Endogenous Growth with Congestion," Computing in Economics and Finance 2002, Society for Computational Economics 162, Society for Computational Economics.
  3. Ott, Ingrid & Soretz, Susanne, 2002. "Optimal Taxation in a Stochastic Endogenous Growth Model with Congestion," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät dp-253, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.

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