Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)
收藏NBER1997-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6298
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资源简介：
This paper shows that standard empirical methods for estimating log-linearized consumption Euler equations cannot successfully uncover structural parameters like the coefficient of relative risk aversion from the dataset of simulated consumers behaving exactly according to the standard model.
提供机构：
美国国家经济研究局
创建时间：
1997-12-01
