Nonhomothetic Preferences with Habit Formation in Nondurable and Durable Consumption: Implications for Sectoral Comovement
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Cited by:
- Chen, Been-Lon & Liao, Shian-Yu, 2014.
"Capital, credit constraints and the comovement between consumer durables and nondurables,"
Journal of Economic Dynamics and Control, Elsevier, vol. 39(C), pages 127-139.
- Been-Lon Chen & Shian-Yu Liao, 2013. "Capital, Credit Constraints and the Comovement between Consumer Durables and Nondurables," IEAS Working Paper : academic research 13-A011, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Tomiyuki Kitamura & Tamon Takamura, 2022. "Output Comovement and Inflation Dynamics in a Two‐Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(1), pages 313-331, February.
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Keywords
Nonhomothetic preferences; habit formation; non-durable goods; durable goods; sectoral comovement; New Keyesian model;All these keywords.
JEL classification:
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
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