Pareto weights as wedges in two-country models

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2016
Volume: 72
Issue: C
Pages: 98-110

Authors (4)

Backus, David Coleman, Chase (not in RePEc) Ferriere, Axelle (Sciences Po) Lyon, Spencer (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:dyncon:v:72:y:2016:i:c:p:98-110
Journal Field
Macro
Author Count
4
Added to Database
2026-01-24