Pareto weights as wedges in two-country models

Backus David; Coleman Chase; Ferriere Axelle; Lyon Spencer

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Pareto weights as wedges in two-country models

机译：帕累托砝码在两个国家的模型中作为楔形

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摘要

In models with recursive preferences, endogenous variation in Pareto weights would be interpreted as wedges from the perspective of a frictionless model with additive preferences. We describe the behavior of the relative Pareto weight in a two-country world and explore its interaction with consumption and the real exchange rate. (C) 2016 Elsevier B.V. All rights reserved.

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《Journal of Economic Dynamics and Control》 |2016年第11期|98-110|共13页
作者
Backus David; Coleman Chase; Ferriere Axelle; Lyon Spencer;
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作者单位

NYU, Stern Sch Business, New York, NY 10003 USA|NBER, Cambridge, MA 02138 USA;

NYU, Stern Sch Business, New York, NY 10003 USA;

European Univ Inst, Florence, Italy;

NYU, Stern Sch Business, New York, NY 10003 USA;

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正文语种 eng
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关键词
Recursive preferences; Consumption and risk-sharing; Real exchange rate;

机译：递归偏好;消费和风险共担;实际汇率;

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7. Pareto weights as wedges in two-country models [O] . BACKUS, David, COLEMAN, Chase, FERRIERE, Axelle, 2016

机译：帕累托砝码在两个国家的模型中作为楔形

Pareto weights as wedges in two-country models

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