Precautionary Saving and Consumption Fluctuations
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This paper uses data on the expenditures of households to explain movements in the average growth rate of consumption in the U.S. from the beginning of 1982 to the end of 1997. We propose and implement a decomposition of consumption growth into series representing four proximate causes. These are
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美国国家经济研究局创建时间：
2002-09-01
