Article ID Journal Published Year Pages File Type
5059823 Economics Letters 2013 4 Pages PDF
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.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Time inconsistency and the long-run effects of inflation
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