Krueger, Dirk; Lustig, Hanno; Perri, Fabrizio - Center for Financial Studies - 2006
written as a simple function of the aggregate consumption growth rate and the growth rate of consumption of the set of … consumption growth rates than constrained households, i.e. they are located in the lower tail of the crosssectional consumption … growth distribution. We use household consumption data from the U.S. Consumer Expenditure Survey to estimate the pricing …