Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10002233732
Persistent link: https://www.econbiz.de/10002233735
Persistent link: https://www.econbiz.de/10002623975
Persistent link: https://www.econbiz.de/10001952332
Persistent link: https://www.econbiz.de/10015084264
Persistent link: https://www.econbiz.de/10007956007
Persistent link: https://www.econbiz.de/10007958812
According to the permanent income hypothesis under rational expectations, variations of consumption should be larger than variations of unanticipated shocks to income. This implication of the theoretical model is not supported by the data since there seems to exist an excess smoothness of...
Persistent link: https://www.econbiz.de/10008679957
Persistent link: https://www.econbiz.de/10008680109
Persistent link: https://www.econbiz.de/10008680130