Habit Persistence and Durability in Aggregate Consumption: Empirical Tests
收藏NBER1991-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3631
下载链接
链接失效反馈官方服务：
资源简介：
Habit persistence in consumption preferences and durability of consumption goods are two hypotheses which imply time-nonseparability in the derived utility for consumption expenditures. We study a simple model with both effects, in which lagged consumption expenditures enter the Euler equation.
提供机构：
美国国家经济研究局
创建时间：
1991-02-01
