Browsing Discussion papers (SAM) by Subject "life cycle models; estimating Euler Equations; survey expectations"
Now showing items 1-1 of 1
-
Euler Equations, Subjective Expectations and Income Shocks.
(DP SAM;05, Working paper, 2017-04)In this paper, we make three substantive contributions: first, we use elicited subjective income expectations to identify the levels of permanent and transitory income shocks in a life-cycle framework; second, we use these ...