Further Evidence from Aggregate Data on the Life-Cycle-Permanent-Income Model
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More about this item
KeywordsPermanent-income; Excess sensitivity; Excess smoothness; Habit formation; Precautionary saving; Kalman filter; E21;
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
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