Elasticity of Intertemporal Substitution: An Investigation in Iran

Majid Einian and Masoud Nili
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Masoud Nili: Sharif University of Technology

Journal of Money and Economy, 2016, vol. 11, issue 2, 207-223

Abstract: We present estimates of the Elasticity of Intertemporal Substitution (EIS) for Iranian households using synthetic cohort panels based on household micro-data. Results show significant difference with the common values used in Dynamic Stochastic General Equilibrium (DSGE) models which are originally based on estimated values for developed countries. We show that

Keywords: Elasticity of Intertemporal Substitution; Euler Equation; Synthetic Panel (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:11:y:2016:i:2:p:207-223

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