Evaluating risky consumption paths: The role of intertemporal substitutability

Optimum consumption and portfolio rules in a continuous-time model

1971 • 6,065 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework

1989 • 4,242 citations

The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988

1991 • 3,336 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis

1991 • 1,765 citations

Models of business cycles

1987 • 1,593 citations

Intertemporal Substitution in Consumption

1988 • 1,533 citations

Nonexpected Utility in Macroeconomics

1990 • 1,019 citations

NBER macroeconomics annual 1987

1989 • 969 citations

Models of Business Cycles.

1988 • 858 citations

Cost of Business Cycles with Indivisibilities and Liquidity Constraints

1989 • 501 citations

Commodity trade and international risk sharing

1991 • 459 citations

Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence

1989 • 443 citations

Asset returns and intertemporal preferences

1991 • 386 citations

Welfare gains from international risksharing

1994 • 174 citations

Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result

1990 • 146 citations

Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result

1990 • 53 citations

Risk-sharing, adjustment, and trade

1994 • 24 citations

Seigniorage As a Tax : A Quantitative Evaluation

1991 • 21 citations

Seigniorage as a Tax: A Quantitative Evaluation

1991 • 21 citations

Alternative Specifications for Consumption and the Estimation of the Intertemporal Elasticity of Substitution

1992 • 7 citations