Mathematica code for 'Saving and Growth with Habit Formation' and 'Comparison Utility in a Growth Model'

By Christopher D. Carroll, Jody Overland, D. Weil. 2000

152 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/2538d6d5a24d07db277aa2bb2f818ced67e6bb12

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Citations in the corpus

Consumption externalities, production externalities, and long-run macroeconomic efficiency (2005, methodology): “This approach is adopted by Carroll, Overland, and Weil (1997, 2000) and Ljungqvist and Uhlig (2000), although none of these models consider production externalities.9 Since in the long-run habits converge to a stationary level, the long-run implications of our model, insofar as the long-run…”
Growth, habit formation, and catching-up with the Joneses (2005, background): “Let us assume that the parameters characterizing both economies take the following values: 15 A= 0:183; = 5; = 0:09; n= 0; = 0:03; = 0:5; and = 0:2: 15 We set the values of , n, , , as in Carroll et al. (2000).”
Precautionary savings and wealth distribution under habit formation preferences (2003, methodology): “15Used for instance by Abel (1990), Carroll et al. (2000) or Fuhrer (2000).”
A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds (2009, unknown): “…grow at a higher rate tend to export more capital (see the evidence cited in footnote 1), a fact that is difficult to reconcile with the standard neoclassical model of growth (Carroll, Overland, and Weil (2000); Gourinchas and Jeanne (2007); Prasad, Rajan, and Subramanian (2007); Sandri (2008)).”
Fear and Market Failure: Global Imbalances and ¿Self-Insurance¿ (2007, unknown): “A similar formulation has also been used by Campbell and Cochrane (1999), Carroll, Overland, and Weil (2000), and Ravn, Schmitt-Grohe, and Uribe (2004).”
Does Happiness Adapt? A Longitudinal Study of Disability with Implications for Economists and Judges (2008, unknown): “In principle, the adaptation literature is also related to work on habit formation, such as Carroll et al (2000) and Carroll and Weil (1994), and potentially to work on broader conceptions of preferences such as Frey and Meier (2004); but potential links have not, to our knowledge, been explored.”