Is Consumption Too Smooth?
收藏NBER1987-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2134
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资源简介：
For thirty years, it has been accepted that consumption is smooth because permanent income is smoother than measured income. This paper considers the evidence for the contrary position, that permanent income is in fact less smooth than measured income, so that the smoothness of consumption cannot be
提供机构：
美国国家经济研究局
创建时间：
1987-01-01
