Does buffer-stock saving explain the smoothness and excess sensitivity of consumption?

• 成果类型: Article
• 署名作者: Ludvigson, SC; Michaelides, A
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - New York; University of Cyprus
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.91.3.631
• 发表日期: 2001
• 页码: 631-647
• 关键词: permanent income hypothesis; liquidity constraints; labor income; aggregation; MODEL; expectations; earnings; GROWTH; credit