Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers
Autor(a) principal: | |
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Data de Publicação: | 1991 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/22593 |
Resumo: | The purpose of the present paper is to expose a particular version of this model that enables us to study some long run issues for a closed economy: technology shocks and taste changes. It does not deal directly with current macroeconomic issues as other essays do. However it extends previous models by incorporating: i) the possibility of population change, i.e., that instantaneous birth and death rates can differ, as in BUITER (1988.a); ii) a theory of investment based upon adjustment costs that allows for an independence between saving and investment demand behaviors (vg. note of p.2) In Section 2 we set and solve the households' and firms' problems. In section 3 the dynamic behavior is analysed following productivity and taste changes. Section 4 concludes the paper. |
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Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumersMacroeconomyConsumerCompetitivenessEquilibrium ModelThe purpose of the present paper is to expose a particular version of this model that enables us to study some long run issues for a closed economy: technology shocks and taste changes. It does not deal directly with current macroeconomic issues as other essays do. However it extends previous models by incorporating: i) the possibility of population change, i.e., that instantaneous birth and death rates can differ, as in BUITER (1988.a); ii) a theory of investment based upon adjustment costs that allows for an independence between saving and investment demand behaviors (vg. note of p.2) In Section 2 we set and solve the households' and firms' problems. In section 3 the dynamic behavior is analysed following productivity and taste changes. Section 4 concludes the paper.ISEG - Departamento de EconomiaRepositório da Universidade de LisboaBrito, Paulo2021-11-30T09:37:28Z19911991-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/22593engBrito, Paulo. 1991. "Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers". Instituto Superior de Economia e Gestão - DE Working papers nº 8-1991/DEinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:52:07ZPortal AgregadorONG |
dc.title.none.fl_str_mv |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers |
title |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers |
spellingShingle |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers Brito, Paulo Macroeconomy Consumer Competitiveness Equilibrium Model |
title_short |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers |
title_full |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers |
title_fullStr |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers |
title_full_unstemmed |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers |
title_sort |
Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers |
author |
Brito, Paulo |
author_facet |
Brito, Paulo |
author_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Brito, Paulo |
dc.subject.por.fl_str_mv |
Macroeconomy Consumer Competitiveness Equilibrium Model |
topic |
Macroeconomy Consumer Competitiveness Equilibrium Model |
description |
The purpose of the present paper is to expose a particular version of this model that enables us to study some long run issues for a closed economy: technology shocks and taste changes. It does not deal directly with current macroeconomic issues as other essays do. However it extends previous models by incorporating: i) the possibility of population change, i.e., that instantaneous birth and death rates can differ, as in BUITER (1988.a); ii) a theory of investment based upon adjustment costs that allows for an independence between saving and investment demand behaviors (vg. note of p.2) In Section 2 we set and solve the households' and firms' problems. In section 3 the dynamic behavior is analysed following productivity and taste changes. Section 4 concludes the paper. |
publishDate |
1991 |
dc.date.none.fl_str_mv |
1991 1991-01-01T00:00:00Z 2021-11-30T09:37:28Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/22593 |
url |
http://hdl.handle.net/10400.5/22593 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Brito, Paulo. 1991. "Taste and productivity shocks in an intertemporal model of a decentralized closed economy composed by finite-life consumers". Instituto Superior de Economia e Gestão - DE Working papers nº 8-1991/DE |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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