English, Article, Journal or magazine article edition: Defining Consumption Behavior in a Multi-Country Model Olivier Allais; Loic Cadiou; Stephane Dees

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/159439
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Defining Consumption Behavior in a Multi-Country Model
Author
  • Olivier Allais
  • Loic Cadiou
  • Stephane Dees
Physical Description
  • preprint
Notes
  • This paper presents the consumption function of Marmotte, the multi-country model of the CEPII-CEPREMAP, and its estimation for the 17 countries of the model. The consumption function is based on the permanent income model. We have extended this model to account for the presence of habit formation and liquidity constraints in the consumption behaviors. The results obtained give us reasonable values for the consumption function of Marmotte. Differences across the 17 countries concern only the habit behaviors. However, these differences are not large enough to imply significant differences in terms of consumption responses to shocks in the simulations of the model.
  • Consumption; habit formation; liquidity constraints; generalized method of moments
  • RePEc:cii:cepidt:2001-02
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment