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By Force of Habit Formations and Exchange Rate Movements
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Jung, Yongseung | - |
| dc.date.accessioned | 2009-01-22T05:26:03Z | - |
| dc.date.available | 2009-01-22T05:26:03Z | - |
| dc.date.issued | 1999-01 | - |
| dc.identifier.citation | Seoul Journal of Economics, Vol.12 No.1, pp. 1-26 | - |
| dc.identifier.issn | 1225-0279 | - |
| dc.identifier.uri | https://hdl.handle.net/10371/1146 | - |
| dc.description.abstract | This paper sets up a habit persistence monetary model in line with Campbell and Cochrane (1995) with transaction costs in consumption. It discusses the behavior of exchange rates and consumption as well as other variables to various shocks. This paper shows that the habit persistence model fails to explain the exchange rate fluctuations and the movement of consumption due to a locally large value of relative risk aversion. | - |
| dc.language.iso | en | - |
| dc.publisher | Institute of Economic Research, Seoul National University | - |
| dc.subject | persistence monetary model | - |
| dc.subject | Campbell and Cochrane | - |
| dc.subject | habit persistence model | - |
| dc.title | By Force of Habit Formations and Exchange Rate Movements | - |
| dc.type | SNU Journal | - |
| dc.contributor.AlternativeAuthor | 정용성 | - |
| dc.citation.journaltitle | Seoul Journal of Economics | - |
| dc.citation.endpage | 26 | - |
| dc.citation.number | 1 | - |
| dc.citation.pages | 1-26 | - |
| dc.citation.startpage | 1 | - |
| dc.citation.volume | 12 | - |
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