Intertemporal Substitution in Consumption
收藏NBER1981-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0720
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Does a higher real interest rate induce significant postponement of consumption? According to the theory developed here, this question can be answered by studying the relation between the rate of growth of consumption and expected real interest rates. In postwar data for the United States, expected
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美国国家经济研究局创建时间：
1981-07-01
