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Paper about intertemporal substitution accepted for publication

posted Dec 15, 2015, 2:28 PM by Julian Thimme
My paper "Intertemporal Substitution in Consumption: A Literature Review" discusses several recent advances of the theory of intertemporal substitution and highlights challenges for the estimation of the elasticity. The article may give researchers a hint at what could be a reasonable choice of the elasticity when modeling preferences of agents in models of macroeconomics and finance.
The article has now been accepted for publication in the "Journal of Economic Surveys".