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Consumption Commitments: Neoclassical Foundations for Habit Formation
16 references·8 citing·42 second hop
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this work references cited by second hop

References

  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy6,239 cited
  • 1971Optimum consumption and portfolio rules in a continuous-time model5,966 cited
  • 1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior5,088 cited
  • 1973A Theory of Marriage: Part I3,566 cited
  • 1990Habit Formation: A Resolution of the Equity Premium Puzzle2,129 cited
  • 1985An Intertemporal General Equilibrium Model of Asset Prices2,052 cited
  • 1990Asset Prices under Habit Formation and Catching up with the Joneses2,021 cited
  • 1989Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence1,820 cited
  • 2001The Economics of Risk and Time1,361 cited
  • 1981The Adjustment of Consumption to Changing Expectations About Future Income1,326 cited
  • 2000Habit Formation in Consumption and Its Implications for Monetary-Policy Models1,148 cited
  • 2001Habit Persistence, Asset Returns, and the Business Cycle1,049 cited
  • 1999Consumption and Portfolio Decisions when Expected Returns are Time Varying1,035 cited
  • 2004Portfolio Choice in the Presence of Housing

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1,004 cited
  • 2016Staggered Wage Setting in a Macro Model958 cited
  • Cited by

    • 2008Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation573 cited
    • 2005Financial Markets and the Real Economy572 cited
    • 2013Household Finance: An Emerging Field450 cited
    • 2011How Large Are Housing and Financial Wealth Effects? A New Approach364 cited
    • 2011Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios315 cited
    • 2007Lazy Investors, Discretionary Consumption, and the Cross‐Section of Stock Returns311 cited
    • 2012Poverty Alleviation and Child Labor301 cited
    • 2008Housing as a Measure for Long-Run Risk in Asset Pricing18 cited