Time-Separable Preference and Intertemporal-Substitution Models of Business Cycles
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https://www.nber.org/papers/w0888
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Time-separability of utility means that past work and consumption do not influence current and future tastes. This form of preferences does not restrict the size of intertemporal-substitution effects--notably, we can still have a strong response of labor supply to temporary changes in wages. However
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美国国家经济研究局创建时间：
1982-05-01
