The new classical macroeconomics contributed the rational expectations hypothesis and the idea of intertemporal optimisation to new Keynesian economics and the new neoclassical synthesis.
32.
One way to get an upper bound on the degree of risk aversion is to use the Ramsey model of intertemporal savings and consumption.
33.
Expected utility and discounted utility models began to gain acceptance, generating testable hypotheses about decision-making given uncertainty and intertemporal consumption, respectively.
34.
Edopoids have several primitive or plesiomorphic features, including a single occipital condyle and a bone called the intertemporal that is absent in other temnospondyls.
35.
If a country has a relatively high interest rate, that would mean it has a comparative advantage in future consumption an intertemporal comparative advantage.
36.
Long-range models, usually spanning decades, attempt to minimize both the short and long-run costs as a single intertemporal problem.
37.
For example, the neurotransmitter serotonin seems to be involved in making decisions involving intertemporal choice while dopamine is utilized when individuals make judgments involving uncertainty.
38.
These assumptions provide a tight link between attitudes to risk and attitudes to variations in intertemporal consumption which is crucial in deriving the equity premium puzzle.
39.
Lindahl's couching of a theory of capital ( 1929, 1939 ) in intertemporal terms anticipates Malinvaud's ( 1953 ) famous attempt.
40.
In discrete-time models, the elasticity of substitution of consumption in periods t and t + 1 is known as elasticity of intertemporal substitution.
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