Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059823 | Economics Letters | 2013 | 4 Pages |
Abstract
Recent work by Laibson (1997) identifies that individuals' time discount factors evolve over time. This leads to a time-inconsistency problem in which savings are distorted. This paper studies the long-run effects of inflation in the presence of a time-inconsistency problem.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Karl David Boulware, Robert R. Reed, Ejindu Ume,