文章基本信息

标题：DEEP VERSUS SUPERFICIAL HABIT: IT’S ALL IN THE PERSISTENCE
本地全文：下载
作者：Cristiano Cantore ; Paul Levine ; Giovanni Melina 等
期刊名称：Discussion Papers in Economics / Department of Economics, University of Surrey
出版年度：2014
出版社：University of Surrey
摘要：Bayesian estimation is employed to investigate whether deep as opposed to superficialhabit improves the fit of a dynamic stochastic general equilibrium model. If the stockof superficial habit features the additional persistence typical of deep habit, the twospecifications are virtually as good. Introducing deep habit in public consumptiondoes not improve the model’s fit
关键词：DSGE; Deep habit; Bayesian estimation