'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?
收藏NBER2000-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7839
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资源简介：
Papers in variety of disparate literatures have recently suggested that habit formation in consumption may explain several empirical puzzles, ranging from the level and cyclical variability of the equity premium (Abel (1990,1999); Constantinides (1990); Jermann (1998); Campbell and Cochrane (1999))
提供机构：
美国国家经济研究局
创建时间：
2000-08-01
