Precautionary Saving and the Marginal Propensity to Consume out of Permanent Income
收藏NBER2001-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8233
下载链接
链接失效反馈官方服务：
资源简介：
The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income. Intuition suggests that, knowing this, optimizing agents will fully adjust their spending immediately upon experiencing a permanent shock. However, this paper shows that if consumers are
提供机构：
美国国家经济研究局
创建时间：
2001-04-01
