Особенности оценки параметров предпочтений экономических агентов с использованием микроданных
We construct asymptotic solutions of the Navier-Stokes equations describing periodic systems of vortex filaments filling a three-dimensional volume. Such solutions are related to certain topological invariants of divergence-free vector fields on the two-dimensional torus. The equations describing the evolution of such a structure are defined on a graph which is the set of trajectories of a divergence-free field.
This paper investigates the household consumption behavior in Russia. The model assumes that household consumption can be described by the Euler equation. Using panel data on household from 2002 to 2011, we obtained the estimates of the elasticity of intertemporal substitution, which are different for lenders or borrowers.
In this paper, we investigate the consumption Euler equation for the Russian households under Epstein and Zin (1989) preferences. Firstly, we investigate the impact of liquidity constraints and non-tradable assets on the Euler equation, and then use these theoretical results for the estimation and testing. We get the estimate of the elasticity of intertemporal substitution, which is significantly higher than zero and lower than one. We also show that borrowing constraints have a significant impact on the consumption dynamics, while the hypothesis about lending constraints is not supported by the data.
This paper investigates household consumption behavior in Russia. The model assumes that household consumption can be determined both by Euler equation and the rule of thumb. Using panel data on households (RLMS-HSE) from 2000 to 2011, we present estimates of elasticity of intertemporal substitution and show that an essential part of households consume part of their current income and do not solve optimization problem