Elasticity of intertemporal substitution
Elasticity of intertemporal substitution (or intertemporal elasticity of substitution, EIS) is a measure of responsiveness of the growth rate of consumption to the real interest rate. If the real rate rises, current consumption may decrease due to increased return on savings; but current consumption may also increase as the household decides to consume more immediately, as it is feeling richer. The net effect on current consumption is the elasticity of intertemporal substitution.
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Elasticity of intertemporal substitution
Elasticity of intertemporal substitution (or intertemporal elasticity of substitution, EIS) is a measure of responsiveness of the growth rate of consumption to the real interest rate. If the real rate rises, current consumption may decrease due to increased return on savings; but current consumption may also increase as the household decides to consume more immediately, as it is feeling richer. The net effect on current consumption is the elasticity of intertemporal substitution.
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Elasticity of intertemporal su ...... of intertemporal substitution.
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En economía, la elasticidad es ...... de sustitución intertemporal.
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In economia, l'elasticità di s ...... a derivata rispetto al tempo).
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L'élasticité de substitution i ...... tal est caractérisé par l'EIS.
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Elasticity of intertemporal su ...... of intertemporal substitution.
@en
En economía, la elasticidad es ...... de sustitución intertemporal.
@es
In economia, l'elasticità di s ...... tempo t1 e quello al tempo t2.
@it
L'élasticité de substitution i ...... tal est caractérisé par l'EIS.
@fr
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Elasticidad de sustitución intertemporal
@es
Elasticity of intertemporal substitution
@en
Elasticità di sostituzione intertemporale
@it
Élasticité de substitution intertemporelle
@fr