Browsing FGV EPGE - Ensaios Econômicos by Title "Testing consumption optimality using aggregate data"

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    • Testing consumption optimality using aggregate data 

      Gomes, Fabio Augusto Reis; Issler, João Victor
      2014-06-02
      The objective of this paper is to test for optimality of consumption decisions at the aggregate level (representative consumer) taking into account popular deviations from the canonical CRRA utility model rule of thumb and ...

    • Testing consumption optimality using aggregate data 

      Gomes, Fabio Augusto Reis; Issler, João Victor
      2014-09-10
      This paper tests the optimality of consumption decisions at the aggregate level taking into account popular deviations from the canonical constant-relative-risk-aversion (CRRA) utility function model-rule of thumb and ...