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      <record key="001" att1="001" value="139924" att2="139924">001   139924</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-106.pdf</field>
      <field key="079" subkey="z">Fisher, Walter H. - et al., Status Seeking in the Small Open Economy (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/106.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 106 (RePEc)</field>
      <field key="100" subkey="">Fisher, Walter H.</field>
      <field key="103" subkey="">Department of Economics and Finance, Institute for Advanced Studies</field>
      <field key="104" subkey="a">Hof, Franz X.</field>
      <field key="107" subkey="">Institute of Economics, Vienna University of Technology</field>
      <field key="331" subkey="">Status Seeking in the Small Open Economy</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2001, October</field>
      <field key="433" subkey="">26 pp., A-12</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 106</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; The Model and Intertemporal Equilibrium; The Role of Status in Macroeconomic</field>
      <field key="Adj" subkey="u">stment; Conclusions; References; Figures; Mathematical Appendix;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 106</field>
      <field key="700" subkey="">E21</field>
      <field key="700" subkey="">F41</field>
      <field key="720" subkey="">Status seeking</field>
      <field key="720" subkey="">Relative wealth</field>
      <field key="720" subkey="">Open economy dynamics</field>
      <field key="753" subkey="">Abstract: In our modified version of the small open economy Ramsey model, we assume that agents have preferences over consumption</field>
      <field key="and" subkey="">status which, in turn, is determined by relative wealth. This extension potentially eliminates the standard</field>
      <field key="mod" subkey="e">l'scounterfactual result that an impatient country over time mortgages all of its capital and labor income. We show that the</field>
      <field key="ste" subkey="a">dy-state values of net assets and consumption, the speed of convergence and, in particular, the direction of adjustment</field>
      <field key="dur" subkey="i">ng the transition depend crucially upon the degree of status consciousness. The latter also influences the economy's response</field>
      <field key="to" subkey="m">acro-economic shocks.;</field>
    </SEQUENTIAL>
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