Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 2 of 2 for “"Recursive preferences"”.
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Essays on Macroeconomic Uncertainty and Capital Flows
… factor productivity (TFP) volatility process and recursive preferences. The results show that the domestic household can accumulate more foreign assets, but also hedge better against domestic risk. The trade-off is a more volatile consumption (both in absolute terms and relative to output …
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Essays in asset prices and macroeconomics
… In a framework that includes households with recursive preferences for consumption goods and housing services in a two sector production economy that includes long run technological shocks, the model delivers several regularities about asset pricing behavior consistent with the US historical …