Marjorie Flavin
Associate Professor – Department of Economics
Phone: (858) 534-4649
Email: mflavin@ucsd.edu
Publications
Housing, Adjustment Costs, and Macro Dynamics, CESinfo Economic Studies, forthcoming 2011. pdf
Owner-Occupied Housing: Life-Cycle Implications for the Household Portfolio (with Takashi Yamashita), American Economic Review, Vol. 101, May 2011.
Housing and Wealth Portfolios, in International Encyclopedia of Housing and Home, Economics/Finance section,
Elsevier, forthcoming, 2011. pdf
A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence, (with Shinobu
Nakagawa) American Economic Review, 2008, 98:1, 474-495. pdf
Owner-Occupied Housing and the Composition of the Household Portfolio, (with Takashi Yamashita)
American Economic Review, 2002, 92:1, 345-362. pdf
The Excess Smoothness
of Consumption: Identification and Interpretation, Review of Economic Studies,
Commentary of "Toward a Theory of Saving" by David J. Smyth, in The Economics of Saving, James H. Gapinski (ed),
Kluwer, 1992, pp. 93-101.
Comment on "Ricardian Equivalence: An Evaluation of Theory and Evidence" by Bernheim, Macroeconomics Annual,
Vol. 2, 1987.
Comment on "Empirical Assessment of Present Value Relations" by Mattey and Meese, Econometric Reviews,
5(2), 1987, pp.247-252.
On the Limitations of Government Borrowing: A Framework for Empirical Testing (with James Hamilton),
American Economic Review, 1986. pdf
Excess Sensitivity of Consumption to Current Income: Liquidity
Constraints or Myopia?
Canadian Journal of Economics, February, 1985, pp. 117-136. jstor pdf
Time Series Evidence on the Expectations Hypothesis of the Term Structure, Carnegie-Rochester
Conference Series on Public Policy, Vol 20, Spring 1984, pp. 929-956. science direct
Reply to Scott F. Richard, Carnegie-Rochester Conference Series on Public Policy,
Vol 20, Spring 1984, pp. 243-245.
Excess Volatility in the Financial Markets: A Reassessment of the Empirical Evidence,
Journal of Political Economy, Vol. 91, No. 6 (Dec., 1983) pp. 929-956. pdf
The Adjustment of Consumption to Changing Expectations About Future Income,
Journal of Political Economy, Vol., 89, No. 5 (Oct., 1981), pp. 974-1009. pdf
Working Papers
Owner-Occupied Housing: The Role of Collateral Constraints on the Household Portfolio (with Takashi Yamashita), working paper, October 2011. pdfHousing, Adjustment Costs, and Endogenous Risk Aversion, working paper, July 2010
Robust Estimation of the Joint Consumption/Asset Demand Decision,
NBER working paper 7011, 1999. pdf