Anticipation of Future Consumption: A Monetary Perspective

Material TypeArticleLanguageEnglish
TitleAnticipation of Future Consumption: A Monetary Perspective Author(S)JOAO RICARDO FARIA (Author)
Abstract  We adapt the monetary model (Sidrauski 1967) to study the hypothesis of anticipation of future consumption. We assume that anticipation of future consumption affects an agent’s instantaneous utility and that all effects of future consumption on current well-being are captured by the stock of future consumption. ...Paginationp 423-448
SubjectEconomicsDescriptorsEconomics Trade
Journal TitleJournal of Money, Credit, and Banking  
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