Pemberton, James - In: The Manchester School of Economic & Social Studies 65 (1997) 4, pp. 394-410
This paper uses a model of stochastic consumption behavior over the life cycle to reconsider earlier conclusions by R. B. Barsky, N. G. Mankiw and S. P. Zeldes (1986) and R. J. Barro (1989) about the extent to which income uncertainty can induce departures from pure debt neutrality. Its results...
