The macroeconomics of subsistence points:
"This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple fe...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2004
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11012 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence"--National Bureau of Economic Research web site. |
| Physical Description: | 14 S. graph. Darst. |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV019884178 | ||
| 003 | DE-604 | ||
| 005 | 20100210 | ||
| 007 | t | ||
| 008 | 050714s2004 xxud||| |||| 00||| eng d | ||
| 035 | |a (OCoLC)57424068 | ||
| 035 | |a (DE-599)BVBBV019884178 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-703 |a DE-521 |a DE-19 | ||
| 050 | 0 | |a HB1 | |
| 084 | |a QB 910 |0 (DE-625)141231: |2 rvk | ||
| 100 | 1 | |a Ravn, Morten O. |d 1964- |e Verfasser |0 (DE-588)114557489 |4 aut | |
| 245 | 1 | 0 | |a The macroeconomics of subsistence points |c Morten O. Ravn ; Stephanie Schmitt-Grohe ; Martin Uribe |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2004 | |
| 300 | |a 14 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11012 | |
| 520 | 3 | |a "This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence"--National Bureau of Economic Research web site. | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Subsistence economy |x Econometric models | |
| 700 | 1 | |a Schmitt-Grohé, Stephanie |e Verfasser |0 (DE-588)124415644 |4 aut | |
| 700 | 1 | |a Uribe, Martín |e Verfasser |0 (DE-588)129355496 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11012 |w (DE-604)BV002801238 |9 11012 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w11012.pdf |z kostenfrei |3 Volltext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-013208274 | ||
Record in the Search Index
| _version_ | 1804133415457390592 |
|---|---|
| any_adam_object | |
| author | Ravn, Morten O. 1964- Schmitt-Grohé, Stephanie Uribe, Martín |
| author_GND | (DE-588)114557489 (DE-588)124415644 (DE-588)129355496 |
| author_facet | Ravn, Morten O. 1964- Schmitt-Grohé, Stephanie Uribe, Martín |
| author_role | aut aut aut |
| author_sort | Ravn, Morten O. 1964- |
| author_variant | m o r mo mor s s g ssg m u mu |
| building | Verbundindex |
| bvnumber | BV019884178 |
| callnumber-first | H - Social Science |
| callnumber-label | HB1 |
| callnumber-raw | HB1 |
| callnumber-search | HB1 |
| callnumber-sort | HB 11 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QB 910 |
| ctrlnum | (OCoLC)57424068 (DE-599)BVBBV019884178 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02045nam a2200385 cb4500</leader><controlfield tag="001">BV019884178</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20100210 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">050714s2004 xxud||| |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)57424068</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV019884178</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-703</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HB1</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QB 910</subfield><subfield code="0">(DE-625)141231:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Ravn, Morten O.</subfield><subfield code="d">1964-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)114557489</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The macroeconomics of subsistence points</subfield><subfield code="c">Morten O. Ravn ; Stephanie Schmitt-Grohe ; Martin Uribe</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2004</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">14 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11012</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">"This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence"--National Bureau of Economic Research web site.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Ökonometrisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Subsistence economy</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Schmitt-Grohé, Stephanie</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)124415644</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Uribe, Martín</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)129355496</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11012</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">11012</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w11012.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-013208274</subfield></datafield></record></collection> |
| id | DE-604.BV019884178 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:21Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013208274 |
| oclc_num | 57424068 |
| open_access_boolean | 1 |
| owner | DE-703 DE-521 DE-19 DE-BY-UBM |
| owner_facet | DE-703 DE-521 DE-19 DE-BY-UBM |
| physical | 14 S. graph. Darst. |
| publishDate | 2004 |
| publishDateSearch | 2004 |
| publishDateSort | 2004 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Ravn, Morten O. 1964- Verfasser (DE-588)114557489 aut The macroeconomics of subsistence points Morten O. Ravn ; Stephanie Schmitt-Grohe ; Martin Uribe Cambridge, Mass. National Bureau of Economic Research 2004 14 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11012 "This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence"--National Bureau of Economic Research web site. Ökonometrisches Modell Subsistence economy Econometric models Schmitt-Grohé, Stephanie Verfasser (DE-588)124415644 aut Uribe, Martín Verfasser (DE-588)129355496 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11012 (DE-604)BV002801238 11012 http://papers.nber.org/papers/w11012.pdf kostenfrei Volltext |
| spellingShingle | Ravn, Morten O. 1964- Schmitt-Grohé, Stephanie Uribe, Martín The macroeconomics of subsistence points National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Subsistence economy Econometric models |
| title | The macroeconomics of subsistence points |
| title_auth | The macroeconomics of subsistence points |
| title_exact_search | The macroeconomics of subsistence points |
| title_full | The macroeconomics of subsistence points Morten O. Ravn ; Stephanie Schmitt-Grohe ; Martin Uribe |
| title_fullStr | The macroeconomics of subsistence points Morten O. Ravn ; Stephanie Schmitt-Grohe ; Martin Uribe |
| title_full_unstemmed | The macroeconomics of subsistence points Morten O. Ravn ; Stephanie Schmitt-Grohe ; Martin Uribe |
| title_short | The macroeconomics of subsistence points |
| title_sort | the macroeconomics of subsistence points |
| topic | Ökonometrisches Modell Subsistence economy Econometric models |
| topic_facet | Ökonometrisches Modell Subsistence economy Econometric models |
| url | http://papers.nber.org/papers/w11012.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT ravnmorteno themacroeconomicsofsubsistencepoints AT schmittgrohestephanie themacroeconomicsofsubsistencepoints AT uribemartin themacroeconomicsofsubsistencepoints |