The Micro Anatomy of Macro Consumption Adjustments
收藏NBER2020-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27917
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资源简介：
We study crises characterized by large adjustments of aggregate consumption through their microlevel patterns. We show that leading theories designed to explain aggregate consumption dynamics differ markedly in their cross-sectional predictions. While theories based on financial frictions predict
本研究借助微观层面模式，探讨以总消费（aggregate consumption）大幅调整为特征的危机。我们发现，旨在解释总消费动态的主流理论，其横截面预测存在显著差异。而基于金融摩擦的理论则预测
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
