Carroll, Chris (contributor); Slacalek, Jirka (contributor); … - 2008
Campbell and Deaton (1989)’s terminol-
ogy), include imperfect attentiveness to macroeconomic news on the part of
consumers … (Carroll and Slacalek (2006); Reis (2006)), or consumers’ inability
to distinguish micro- from macro-economic shocks (Pischke … saving motive slows down consumers’ response to shocks, which could
also explain part (though not all) of the excess …