MA Flavin - The Journal of Political Economy, 1981 - JSTOR
Page 1. The Adjustment of Consumption to Changing Expectations about Future Income Marjorie
A. Flavin University of Virginia The paper analyzes the role of current income in providing new
information about future income and thus signaling changes in permanent income. ...
JD Hamilton… - 1985 - nber.org
This paper seeks to distinguish empirically between two views on the limitations of
government borrowing. According to one view, nothing precludes the government from
running a permanent budget deficit, paying interest due on the growing debt load simply ...
M Flavin… - 1998 - nber.org
This paper studies the impact of the portfolio constraint imposed by the consumption
demand for housing (the'housing constraint') on the household's optimal holdings of
financial assets. Since the ratio of housing to net worth declines as the household ...
MA Flavin - The Journal of Political Economy, 1983 - JSTOR
Page 1. Excess Volatility in the Financial Markets: A Reassessment of the Empirical
Evidence Marjorie A. Flavin University of' Virginia Numerous authors, including Shiller,
LeRoy and Porter, and Sin- gleton, have reported empirical ...
M Flavin - 1984 - nber.org
Almost all of the recent empirical tests of the rational expectations-permanent income
hypothesis (RE-PIH) have rejected the hypothesis. The null hypothesis in this empirical
literature typically consists of the joint hypothesis that 1) agents' expectations are formed ...
M Flavin… - 2004 - nber.org
The paper generalizes the Grossman and Laroque (1990) model of optimal consumption
and portfolio allocation in the context in which a durable good (or house) subject to
adjustment costs is both an argument of the utility function and a component of wealth. ...
M Flavin - The Review of Economic Studies, 1993 - restud.oxfordjournals.org
Abstract Deaton's observation that consumption appears to be “too smooth” is easily
reconciled with the notion that consumption exhibits “excess sensitivity” to current income.
The reconciliation invokes the plausible assumption that households forecast on the basis ...
MA Flavin - 1991 - nber.org
Page 1. NBER WORKING PAPERS SERIES THE JOINT CONSUMPTION/ASSET
DEMAND DECISION: A CASE STUDY IN ROBUST ESTIMATION Marjorie Flavin
Working Paper No. 3802 NATIONAL BUREAU OF ECONOMIC ...
[CITATION] Owner-occupied housing in the presence of adjustment costs: Implications for asset pricing and nondurable consumption
M Flavin - Manuscript, Dept. Econ., Univ. California, San Diego, 2001
M Flavin - 1999 - nber.org
The paper proposes an instrumental variables version of the Huber estimator as an
alternative to the IV-Krasker Welsch estimator. The IV-Huber estimator is analytically and
computationally much simpler than IV-Krasker Welsch. In the context of an empirical study ...
M Flavin - 1988 - nber.org
The paper investigates the implications of the omitted information problem--that is, the
econometric problem which arises because an econometrician cannot explicitly include the
complete set of variables potentially used by agents--in the context of the" excess ...
M Flavin - Carnegie-Rochester Conference Series on Public …, 1984 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. Time
series evidence on the expectations hypothesis of the term structure. Marjorie Flavin.
Carnegie-Rochester Conference Series on Public Policy, 1984, vol. 20, issue 1, pages 211-237. ...
[CITATION] A model of housing in the presence of adjustment costs
M Flavin… - 2004
[CITATION] 195%, Excess Sensitivity of Consumption to Current Income: Liquidity Constraints or Mpoia
MA Flavin - NBER Working Paper
M Flavin… - Unpublished mimeo, 1997 - Citeseer
The paper studies the impact of the portfolio constraint imposed by the consumption demand
for housing (the “housing constraint”) on the household's optimal holdings of financial
assets. Since the ratio of housing to net worth declines as the household accumulates ...
[CITATION] A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence
F Marjorie, S Nakagawa - 2004 - NBER Working Papers 10458
M Flavin - 2009 - bde.eu
The utility function known as “constant relative risk aversion”(CRRA) is generally considered
more plausible than specifications that imply certainty equivalence or constant absolute risk
aversion, and for this reason has become the dominant specification of one-period utility ...
M Flavin - Carnegie-Rochester Conference Series on Public …, 1984 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. Reply
to Scott F. Richard. Marjorie Flavin. Carnegie-Rochester Conference Series on Public Policy,
1984, vol. 20, issue 1, pages 243-245. Date: 1984 Track citations by RSS feed. ...
M Flavin… - The American Economic Review, 2011 - ingentaconnect.com
Abstract: The paper constructs a model of optimal portfolio allocation incorporating the role
of housing as collateral. Current house value is a state variable in the portfolio decision due
to a nonconvex adjustment cost. Holding risk aversion constant, the percentage of the ...
M Flavin… - 2003 - 198.144.41.19
ABSTRACT The paper generalizes the Grossman and Laroque (1990) model of optimal
consumption and portfolio allocation in the context in which a durable good (or house)
subject to adjustment costs is both an argument of the utility function and a component of ...
JE Faber, A Finkelstein, M Flavin… - … aspects of social …, 2002 - books.google.com
Author Index Aaron, Henry, 16n8, 150, 152, 154, 168–70, 177, 202 Abel, Andrew, 88, 109
Akerlof, George, 396n2 Altig, David, 153, 327n1, 329, 331 Altonji, Joseph, 88 Arrau, Patricio,
328 Atkinson, Anthony B., 87, 88 Attanasio, OP, 406 Auerbach, Alan, 85, 109, 152, 327, ...
[CITATION] Independence in normal and hearing impaired adolescent girls.
MC Flavin - 1977 - University of Illinois at the Medical …
M Flavin… - 2009 - econ.ucsd.edu
Until recently, the conventional wisdom in the portfolio choice literature held that the strategy
of simply adding housing to the vector of assets and then identifying the optimal portfolio as
the vector of asset holdings that achieves mean-variance efficiency was “incorrect”. As is ...
VV Acharya, SN Ali, J Apesteguia, P Arcidiacono… - 209.197.108.139
The American Economic Association would like to congratulate its 2010 American Economic
Review Excellence in Refereeing Award recipients. The award recognizes the outstanding
work of those referees whose service and dedication have contributed to the high quality ...
[CITATION] Owner-Occupied Housing
M Flavin… - 2008
MA Flavin - CESifo Economic Studies, 2011 - CESifo Group
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M Flavin - 1981 - en.scientificcommons.org
Publikationsansicht. 2941327. Econometric tests of the rational expectations - permanent income
hypothesis / (1981). Flavin, Marjorie. Abstract. Thesis (Ph. D.)--Massachusetts Institute of
Technology, Dept. of Economics, 1981.. Supervised by Robert E. Hall.. Vita.. ...
M Flavin… - 2010 - papers.ssrn.com
Abstract: The paper constructs a model of optimal portfolio allocation that focuses on the role
of housing as collateral, allows for house price risk, and assumes that altering the quantity of
housing incurs an adjustment cost. Because of the adjustment cost, the current house ...
KA Mork, M Flavin… - 1978 - en.scientificcommons.org
Abstract A USER GUIDE THE THREE SECTOR QUARTERLY MACRO DATA BASE Knut
Anton Mork Marjorie Flavin and Dianne Pauls October Energy Laboratory MIT Working
Paper MIT Definitions the Three Sectors The Energy Sector defined Coal Mining and Oil ...
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