| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965855 | Journal of Macroeconomics | 2013 | 13 Pages |
Abstract
⺠We estimate the elasticity of intertemporal substitution for the US economy. ⺠We considered the T-Bill, stocks, and a synthetic mutual fund returns. ⺠Most of our estimates suffer from the weak instrument problem. ⺠Estimates using T-Bill returns suggest that this elasticity is close to zero. ⺠Estimates using SMF returns suggest that this elasticity is positive and small.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Fábio Augusto Reis Gomes, Lourenço S. Paz,