The Timing of Purchases and Aggregate Fluctuations
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https://www.nber.org/papers/w7672
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This paper analyzes how the decision of when to buy a durable good affects both non-durable consumption and business cycle dynamics. At the individual level, we show that the timing of durable goods purchases plays an important role in smoothing consumption over time. In the benchmark case, the time
本文分析了耐用品（durable good）购买时机的决策如何影响非耐用消费品（non-durable consumption）消费与商业周期动态（business cycle dynamics）。在个体层面，我们发现耐用品购买时机在跨期消费平滑中发挥着重要作用。在基准情形下，时间
提供机构：
美国国家经济研究局
创建时间：
2000-04-01
