Housing and Nondurable Consumption

Nancy L. Stokey
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Nancy L. Stokey: University of Chicago

No 799, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: In the model with transaction costs, housing consumption follows an (S,s) type policy. Here we are interested in how various parameters affect the width of the (S,s) bands and the behavior of (a)-(c) within that band.

Date: 2007
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