Consumption Commitments and Habit Formation
收藏NBER2004-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10970
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资源简介：
We analyze the implications of household-level adjustment costs for the dynamics of aggregate consumption. We show that an economy in which agents have consumption commitments is approximately equivalent to a habit formation model in which the habit stock is a weighted average of past consumption if
提供机构：
美国国家经济研究局
创建时间：
2004-12-01
