The Insensitivity of Consumption to News About Income
收藏NBER1987-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2252
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资源简介：
This paper uses a variance bounds test to see whether consumption is too sensitive to news about income to be consistent with a standard permanent income model, under the maintained hypothesis that income has a unit root. It is found that, if anything, consumption is less sensitive than the model
提供机构：
美国国家经济研究局
创建时间：
1987-05-01
