Durable Goods: An Explanation for Their Slow Adjustment
收藏NBER1991-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3748
下载链接
链接失效反馈官方服务：
资源简介：
Aggregate expenditure on durable goods responds too slowly to wealth and other aggregate innovations to be consistent with the simplest frictionless version of PIH (permanent income hypothesis). In this paper I present a model of aggregate expenditure on durab1es that builds up from the lumpy nature
提供机构：
美国国家经济研究局
创建时间：
1991-06-01
