Testing the Response of Consumption to Income Changes with (Noisy) PanelData
收藏NBER1986-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2012
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资源简介：
This paper tests the rational expectations lifecycle model of consumption against (1) a simple Keynesian model and (ii) the rational expectations lifecycle model with imperfect capital markets. The tests are based upon the relative responsiveness of consumption to income changes which can be
提供机构：
美国国家经济研究局
创建时间：
1986-09-01
