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Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness

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Author Info
Gong, Liutang
Zou, Heng-fu

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File URL: http://www.sciencedirect.com/science/article/B6V85-43Y9W8B-5/2/dd7bb7da96968e22edbf20ce4fe5a030
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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 26 (2002)
Issue (Month): 2 (February)
Pages: 247-270
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Handle: RePEc:eee:dyncon:v:26:y:2002:i:2:p:247-270

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  1. Pascal St-Amour, 2004. "Ratchet vs Blasé Investors and Asset Markets," CIRANO Working Papers 2004s-11, CIRANO. [Downloadable!]
  2. Qiang Zhang, 2006. "The Spirit of Capitalism and Asset Pricing: an Empirical Investigation," CIRJE F-Series CIRJE-F-428, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
    Other versions:
  3. Pascal St-Amour, 2005. "Direct Preference for Wealth in Aggregate Household Portfolio," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 05.04, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
  4. Panayiotis Petrakis & Stylianos Kotsios, 2005. "The dynamics of structural change under risk influence," Economics Bulletin, Economics Bulletin, vol. 15(7), pages 1-8. [Downloadable!]
  5. repec:bep:mactop:v:6:y:2006:i:3:p:1418-1418 is not listed on IDEAS
    Other versions:
  6. Takashi Kamihigashi, 2007. "The Spirit of Capitalism, Stock Market Bubbles, and Output Fluctuations," Discussion Paper Series 205, Research Institute for Economics & Business Administration, Kobe University, revised Oct 2007. [Downloadable!]
  7. Thi Kim Cuong PHAM, 2004. "Wealth distribution, endogenous fiscal policy and growth: status-seeking implications," Working Papers of BETA 2004-11, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  8. Eric R. Young, 2004. "The Wealth Distribution and the Demand for Status," Macroeconomics 0410008, EconWPA. [Downloadable!]
    Other versions:
  9. LU, Zhentong, 2008. "Calibrating the Equity Premium under Habit Formation and Catching up with the Joneses," MPRA Paper 10363, University Library of Munich, Germany. [Downloadable!]
  10. Michel Normandin & Martin Boileau, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 05-03, HEC Montréal, Institut d'économie appliquée. [Downloadable!]
    Other versions:
  11. Danyang Xie, 2002. "Explicit Transitional Dynamics in Growth Models," GE, Growth, Math methods 0207003, EconWPA. [Downloadable!]
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