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2006-01-13Buch DOI: 10.18452/3693
Heterogeneous Time Preferences and Interest Rates
dc.contributor.authorRiedel, Frank
dc.date.accessioned2017-06-15T21:49:14Z
dc.date.available2017-06-15T21:49:14Z
dc.date.created2006-01-13
dc.date.issued2006-01-13
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4345
dc.description.abstractThe influence of heterogeneous time preferences on the term structure is investigated. Motivated by the Preferred Habitat Theory of Modigliani and Sutch, a model for intertemporal preferences accounting for preferred habitats is proposed. In a heterogeneous world, preferred habitats can explain humps in the yield curve. Agents with a long habitat prefer long term bonds to shorter instruments as the Preferred Habitat Theory predicts.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subject.ddc330 Wirtschaft
dc.titleHeterogeneous Time Preferences and Interest Rates
dc.typebook
dc.subtitleThe Preferred Habitat Theory Revisited
dc.identifier.urnurn:nbn:de:kobv:11-10056153
dc.identifier.doihttp://dx.doi.org/10.18452/3693
dc.subject.dnb17 Wirtschaft
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.pages23
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume1999
local.edoc.container-issue23
local.edoc.container-year1999
local.edoc.container-erstkatid2135319-0

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