The Excess Smoothness of Consumption: Identification and Interpretation

The paper investigates the implications of the omitted information problem -- that is, the econometric problem which arises because an econometrician cannot explicitly include the complete set of variables potentially used by agents -- in the context of the "excess smoothness" phenomenon posed by

本文在由……提出的‘过度平滑’（excess smoothness）现象背景下，研究了遗漏信息问题的影响——即由于计量经济学家无法明确纳入经济主体（agents）可能使用的全部变量而产生的计量经济学问题。