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Mistakes in Future Consumption, High MPCs Now

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NBER2021-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29517
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In a canonical intertemporal consumption model, future consumption mistakes (in response to saving changes) lead to higher current marginal propensities to consume (MPCs). These mistakes increase the value of changing current consumption relative to changing saving, as additional saving will not be
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2021-11-01
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