Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

Sydney C. Ludvigson; Alexander Michaelides

doi:10.1257/aer.91.3.631

American Economic Review Vol. 91 No. 3 2001

Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

Sydney C. Ludvigson¹; Alexander Michaelides²

¹ Federal Reserve Bank of New York, 33 Liberty Street, New York, NY 10045. · ² University of Cyprus, P.O. Box 20537, 1678 Nicosia, Cyprus.

Abstract

Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption? by Sydney C. Ludvigson and Alexander Michaelides. Published in volume 91, issue 3, pages 631-647 of American Economic Review, June 2001

DOI: 10.1257/aer.91.3.631
Volume: 91
Issue: 3
Pages: 631-647
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

Abstract

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