Durable consumption and asset management with transaction and observation costs
By Fernando Alvarez, Luigi Guiso, Francesco Lippi. 2012
135 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/5831cf681186606f3fc381b0fcb11f9c38c89519
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Arna Olafsson
- Alp Simsek
- Gabriel Chodorow-reich
- Darrell Duffie
- Michaela Pagel
- P. Nenov
- Markus K. Brunnermeier
- Michael Schwert
In Finance
- Alp Simsek
- Gabriel Chodorow-reich
- Darrell Duffie
- Arna Olafsson
- Michaela Pagel
- P. Nenov
- Markus K. Brunnermeier
- Michael Schwert
Citations in the corpus
- Does It Pay to Pay Attention (2018, unknown): “…is costly, it is optimal to alternate long periods of inaction to brief spurs of attention, where information is acquired and investment decisions are made (see Gabaix and Laibson (2002), Abel, Eberly, and Panageas (2007, 2013), Huang and Liu (2007), and Alvarez, Guiso, and Lippi (2012)).”
- Stock Market Wealth and the Real Economy: A Local Labor Market Approach (2019, background): “to adjustment costs, consumer habit, or delayed recognition of the stock wealth changes, as found in Brunnermeier and Nagel (2008) and Alvarez et al. (2012). By quarter 7 adjustment is complete and the effect is relatively stable thereafter.”
- Asset Price Dynamics with Slow-Moving Capital (2010, background): “…purchases during this period of inattention to investment.6 By setting up in this manner a transactions demand for cash, optimal investment inattention plays a natural role in monetary theory, as considered for example by Alvarez, Lippi, and Paciello (2010) and Alvarez, Guiso, and Lippi (2010).”
- The Liquid Hand-to-Mouth: Evidence from Personal Finance Management Software (2018, background): “Recent theoretical examples of models with liquid and illiquid assets are Angeletos et al. (2001), Laibson et al. (2003), Flavin and Nakagawa (2008), Chetty and Szeidl (2007), Alvarez et al. (2012), Huntley and Michelangeli (2014), and Kaplan and Violante (2014a).”
- Presidential Address: Asset Price Dynamics with Slow‐Moving Capital (2010, background): “…purchases during this period of inattention to investment.6 By setting up in this manner a transactions demand for cash, optimal investment inattention plays a natural role in monetary theory, as considered, for example, by Alvarez, Lippi, and Paciello (2010) and Alvarez, Guiso, and Lippi (2010).”