Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy

Meixing Dai ()

Economics Bulletin, 2007, vol. 8, issue 7, 1-7

Abstract: In this paper, we propose two alternative formulations of representative consumer¡¯s endogenous time preference that depends on consumption as well as wealth and/or revenue. We solve one of these formulations and apply it to study the effectiveness of fiscal policies in a small open economy facing a perfect international financial market

JEL-codes: F4 H3 (search for similar items in EconPapers)
Date: 2007-07-13
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Working Paper: Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-07h30003

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