2013 Fiscal Year Final Research Report
Dynamic analyses of endogenous time preference, habit formation, and non-expected utility risk aversion in open macroeconomics
| Project/Area Number |
22730249
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Otaru University of Commerce |
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Principal Investigator |
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| Project Period (FY) |
2010-04-01 – 2014-03-31
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| Keywords | 国際マクロ経済学 |
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| Research Abstract |
This research has developed dynamic analyses of open macroeconomics by introducing consumption preferences such as (1)endogenous time preference exhibiting decreasing marginal impatience, (2)habit formation, and (3)risk aversion represented by non-expected utility. Then, this research [A]has investigated determination of major macroeconomic variables (e.g., current accounts), and [B]has tried to solve various puzzles as for international finance (e.g., the forward premium puzzle).
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Research Products
(3 results)
