The Beta-Delta-DELTA Sweet Spot
收藏NBER2023-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30822
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资源简介：
When solving discrete-time consumption models with present-biased time preferences, backwards induction generates equilibria that are non-robust in the sense that policy functions are often sensitive to parameter choices, including the modeler's choice of the time-step. The current paper identifies
提供机构：
美国国家经济研究局
创建时间：
2023-01-01
