Learning about consumer behaviour in face of a structural break: Argentina after 2002
- Autores
- Ahumada, Hildegart; Garegnani, Lorena
- Año de publicación
- 2005
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- This paper investigates how consumer behaviour is modified after a major structural break, taking into account two different kinds of models: one of them, an EquilibriumCorrection Model which includes the effects of "wealth perception” and the other one, focussed on deep parameters estimates following the Euler Equation-GMM approach. Liquidity constraints and hyperbolic discount functions are the main features that characterize Argentine consumption patterns after default and devaluation took place. Liquidity constraints are tested by an expectational form of the Equilibrium-Correction model and by asymmetric effects of income changes. A hyperbolic discount factor that allow for distinguishing short run from long run impatience are found to describe consumers’ decisions.
Facultad de Ciencias Económicas - Materia
-
Ciencias Económicas
consumer behaviour
structural break
equilibrium-correction model
wealth effects
liquidity constraints
euler-equation
hyperbolic discount functions
generalised method of momenis - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-sa/4.0/
- Repositorio
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/168826
Ver los metadatos del registro completo
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Learning about consumer behaviour in face of a structural break: Argentina after 2002Ahumada, HildegartGaregnani, LorenaCiencias Económicasconsumer behaviourstructural breakequilibrium-correction modelwealth effectsliquidity constraintseuler-equationhyperbolic discount functionsgeneralised method of momenisThis paper investigates how consumer behaviour is modified after a major structural break, taking into account two different kinds of models: one of them, an EquilibriumCorrection Model which includes the effects of "wealth perception” and the other one, focussed on deep parameters estimates following the Euler Equation-GMM approach. Liquidity constraints and hyperbolic discount functions are the main features that characterize Argentine consumption patterns after default and devaluation took place. Liquidity constraints are tested by an expectational form of the Equilibrium-Correction model and by asymmetric effects of income changes. A hyperbolic discount factor that allow for distinguishing short run from long run impatience are found to describe consumers’ decisions.Facultad de Ciencias Económicas2005-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/168826enginfo:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2005/ahumada_garegnani.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:43:26Zoai:sedici.unlp.edu.ar:10915/168826Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:43:27.214SEDICI (UNLP) - Universidad Nacional de La Platafalse |
dc.title.none.fl_str_mv |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 |
title |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 |
spellingShingle |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 Ahumada, Hildegart Ciencias Económicas consumer behaviour structural break equilibrium-correction model wealth effects liquidity constraints euler-equation hyperbolic discount functions generalised method of momenis |
title_short |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 |
title_full |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 |
title_fullStr |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 |
title_full_unstemmed |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 |
title_sort |
Learning about consumer behaviour in face of a structural break: Argentina after 2002 |
dc.creator.none.fl_str_mv |
Ahumada, Hildegart Garegnani, Lorena |
author |
Ahumada, Hildegart |
author_facet |
Ahumada, Hildegart Garegnani, Lorena |
author_role |
author |
author2 |
Garegnani, Lorena |
author2_role |
author |
dc.subject.none.fl_str_mv |
Ciencias Económicas consumer behaviour structural break equilibrium-correction model wealth effects liquidity constraints euler-equation hyperbolic discount functions generalised method of momenis |
topic |
Ciencias Económicas consumer behaviour structural break equilibrium-correction model wealth effects liquidity constraints euler-equation hyperbolic discount functions generalised method of momenis |
dc.description.none.fl_txt_mv |
This paper investigates how consumer behaviour is modified after a major structural break, taking into account two different kinds of models: one of them, an EquilibriumCorrection Model which includes the effects of "wealth perception” and the other one, focussed on deep parameters estimates following the Euler Equation-GMM approach. Liquidity constraints and hyperbolic discount functions are the main features that characterize Argentine consumption patterns after default and devaluation took place. Liquidity constraints are tested by an expectational form of the Equilibrium-Correction model and by asymmetric effects of income changes. A hyperbolic discount factor that allow for distinguishing short run from long run impatience are found to describe consumers’ decisions. Facultad de Ciencias Económicas |
description |
This paper investigates how consumer behaviour is modified after a major structural break, taking into account two different kinds of models: one of them, an EquilibriumCorrection Model which includes the effects of "wealth perception” and the other one, focussed on deep parameters estimates following the Euler Equation-GMM approach. Liquidity constraints and hyperbolic discount functions are the main features that characterize Argentine consumption patterns after default and devaluation took place. Liquidity constraints are tested by an expectational form of the Equilibrium-Correction model and by asymmetric effects of income changes. A hyperbolic discount factor that allow for distinguishing short run from long run impatience are found to describe consumers’ decisions. |
publishDate |
2005 |
dc.date.none.fl_str_mv |
2005-11 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/conferenceObject info:eu-repo/semantics/publishedVersion Objeto de conferencia http://purl.org/coar/resource_type/c_5794 info:ar-repo/semantics/documentoDeConferencia |
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conferenceObject |
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publishedVersion |
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http://sedici.unlp.edu.ar/handle/10915/168826 |
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http://sedici.unlp.edu.ar/handle/10915/168826 |
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eng |
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eng |
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info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
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openAccess |
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http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
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application/pdf |
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