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Equilibrium Consumption and Precautionary Savings in a Stochastically Growing Economy

  • Stephen Turnovsky
  • William Smith

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Paper provided by University of Washington, Department of Economics in its series Working Papers with number UWEC-2006-01-P.

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Date of creation: Oct 2004
Date of revision: Oct 2004
Publication status: Published in Journal of Economic Dynamics and Control, Volume 30, 2006, 243-278
Handle: RePEc:udb:wpaper:uwec-2006-01-p
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Web page: http://www.econ.washington.edu/
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  26. Turnovsky, Stephen J, 2000. " Government Policy in a Stochastic Growth Model with Elastic Labor Supply," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 2(4), pages 389-433.
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  29. Hall, Robert E, 1988. "Intertemporal Substitution in Consumption," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 339-57, April.
  30. Garcia-Penalosa, Cecilia & Turnovsky, Stephen J., 2005. "Production risk and the functional distribution of income in a developing economy: tradeoffs and policy responses," Journal of Development Economics, Elsevier, vol. 76(1), pages 175-208, February.
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  35. Attanasio, Orazio P & Weber, Guglielmo, 1989. "Intertemporal Substitution, Risk Aversion and the Euler Equation for Consumption," Economic Journal, Royal Economic Society, vol. 99(395), pages 59-73, Supplemen.
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