An iterated GMM procedure for estimating the Campbell-Cochrane habit formation model, with an application to Danish Stock and bond returns

2009 ◽  
pp. n/a-n/a ◽  
Author(s):  
Tom Engsted ◽  
Stig V. Møller
Keyword(s):  
Habit Formation ◽  
Formation Model ◽  
Bond Returns

Habit Formation in Consumption and Its Implications for Monetary-Policy Models

2000 ◽  
Vol 90 (3) ◽  
pp. 367-390 ◽  
Author(s):  
Jeffrey C Fuhrer
Keyword(s):  
Monetary Policy ◽  
Habit Formation ◽  
Formation Model ◽  
Policy Model ◽  
Current Consumption ◽  
Policy Models ◽  
Empirical Tests

This paper explores a monetary-policy model with habit formation for consumers, in which consumers' utility depends in part on current consumption relative to past consumption. The empirical tests developed in the paper show that one can reject the hypothesis of no habit formation with tremendous confidence, largely because the habit-formation model captures the gradual hump-shaped response of real spending to various shocks. The paper then embeds the habit-consumption specification in a monetary-policy model and finds that the responses of both spending and inflation to monetary-policy actions are significantly improved by this modification. (JEL D12, E52, E43)

scholarly journals Development and Usability Evaluation of a Healthy Lifestyle Coaching Chatbot Using a Habit Formation Model

2020 ◽  
Vol 26 (4) ◽  
pp. 255-264
Author(s):  
Meihua Piao ◽  
Jeongeun Kim ◽  
Hyeongju Ryu ◽  
Hyeongsuk Lee
Keyword(s):  
Habit Formation ◽  
Healthy Lifestyle ◽  
Usability Evaluation ◽  
Formation Model

Factors for Habit Formation of Physical Activity

2017 ◽  
Vol 1 (2) ◽  
pp. 21-27
Author(s):  
Yoongu Lee ◽  
Yong-Jin Yoon ◽  
Sibak Sung
Keyword(s):  
Physical Activity ◽  
Habit Formation
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