Maxted, Laibson, and Moll study fiscal and monetary policy in a partial-equilibrium heterogeneous-agent model in which homeowners have present-biased time preferences (Instantaneous Gratification …
PublishedClassicJournal of Economic PerspectivesPublished Aug 2001
This 2001 Journal of Economic Perspectives paper by George-Marios Angeletos, David Laibson, Andrea Repetto, Jeremy Tobacman, and Stephen Weinberg -- sourced here from the authors' own underlying 2000 …