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
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/168826
Acceder
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network_name_str SEDICI (UNLP)
spelling 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:UNLP2025-10-22T17:24:25Zoai: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:13292025-10-22 17:24:25.602SEDICI (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
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/168826
url http://sedici.unlp.edu.ar/handle/10915/168826
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2005/ahumada_garegnani.pdf
dc.rights.none.fl_str_mv 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)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
instname:Universidad Nacional de La Plata
instacron:UNLP
reponame_str SEDICI (UNLP)
collection SEDICI (UNLP)
instname_str Universidad Nacional de La Plata
instacron_str UNLP
institution UNLP
repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
repository.mail.fl_str_mv alira@sedici.unlp.edu.ar
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