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Consumption and precautionary saving: An empirical analysis under both financial and environmental risks

  • Baiardi, Donatella
  • Manera, Matteo
  • Menegatti, Mario

This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965–2007.

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File URL: http://www.sciencedirect.com/science/article/pii/S0264999312002817
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Article provided by Elsevier in its journal Economic Modelling.

Volume (Year): 30 (2013)
Issue (Month): C ()
Pages: 157-166

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Handle: RePEc:eee:ecmode:v:30:y:2013:i:c:p:157-166
DOI: 10.1016/j.econmod.2012.09.006
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/30411

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  26. Donatella Baiardi & Mario Menegatti, 2011. "Pigouvian tax, abatement policies and uncertainty on the environment," Journal of Economics, Springer, vol. 103(3), pages 221-251, July.
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