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Asymmetric Consumption Smoothing

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NBER2018-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25086
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Analyzing account-level data from an account aggregator, we find that households increase consumption when they receive (expected) tax refunds, as if they face liquidity constraints. However, these same households smooth consumption when making payments in other years, primarily by transferring
创建时间:
2018-09-01
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