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~institution:"Centre de Recherche sur l'Emploi et les Fluctuations Économiques (CREFÉ), École des Sciences de la Gestion (ESG)"
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exact inference
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excess smoothness
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precautionary savings
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Centre de Recherche sur l'Emploi et les Fluctuations Économiques (CREFÉ), École des Sciences de la Gestion (ESG)
C.E.P.R. Discussion Papers
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
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Centro Studi di Economia e Finanza (CSEF)
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Instituto de Economía, Facultad de Ciencia Económicas y Administrativas
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Nationalekonomiska institutionen, Handelshögskolan
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Precautionary Saving: An Explanation for
Excess
Smoothness
of Consumption
Normandin, Michel
-
Centre de Recherche sur l'Emploi et les Fluctuations …
-
1992
rejected because observed consumption is excessively smooth. One approach to account for
excess
smoothness
is to relax …
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