Time inconsistency and the long-run effects of inflation

C-Tier

Journal: Economics Letters

Year: 2013

Volume: 120

Issue: 2

Pages: 267-270

Authors (3)

Boulware, Karl David (Wesleyan University) Reed, Robert R. (University of Alabama-Tuscaloo...) Ume, Ejindu (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

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

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Abstract

Recent work by Laibson (1997) identifies that individuals’ time discount factors evolve over time. This leads to a time-inconsistency problem in which savings are distorted. This paper studies the long-run effects of inflation in the presence of a time-inconsistency problem.

Time inconsistency and the long-run effects of inflation

Authors (3)

Abstract

Technical Details