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Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey

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NBER1994-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4795
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In this paper we show that some of the predictions of models of consumer intertemporal optimization are not inconsistent with the patterns of non-durable expenditure observed in US household-level data. Our results and our approach are new in several respects. First, we use the only US micro data
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1994-07-01
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