Browsing Working Papers by Author "Liu, Zheng"

Now showing items 1-2 of 2

    • Learning, Adaptive Expectations, and Technology Shocks' 
      Huang, Kevin X.D.; Liu, Zheng; Zha, Tao (Vanderbilt University, 2008)
      This study explores theoretical and macroeconomic implications of the self-confirming equilibrium in a standard growth model. When rational expectations are replaced by adaptive expectations, we prove that the self-confirming ...
    • Temptation and Self-Control: Some Evidence and Applications 
      Huang, Kevin X.D.; Liu, Zheng; Zhu, John Q. (Vanderbilt University, 2007)
      This paper studies the empirical relevance of temptation and self-control using household-level data from the Consumer Expenditure Survey. We construct an infinite-horizon consumption-savings model that allows, but does ...