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The stochastic implications of permanent income hypothesis for US speculative traders : implications for consumption-based asset pricing

Senarathne, Chamil W.; Wei, Jianguo - In: Croatian economic survey 20 (2018) 2, pp. 5-32

Persistent link: https://www.econbiz.de/10012002109

Excess sensitivity of stock markets to negative returns

Azar, Samih Antoine; Basmadjian, Raffi - In: International journal of economic perspectives : IJEP 6 (2012) 1, pp. 5-38

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Precautionary saving of Chinese and U.S. households

Choi, Horag; Lugauer, Steven; Mark, Nelson C. - In: Journal of money, credit and banking : JMCB 49 (2017) 4, pp. 635-661

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International evidence on sticky consumption growth.

Carroll, Christopher D.; Slacalek, Jiri; Sommer, Martin - 2008

We estimate the degree of ‘stickiness’ in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of auto-correlation, with a stickiness...

Persistent link: https://www.econbiz.de/10011604932

International evidence on sticky consumption growth

Carroll, Christopher D.; Slacalek, Jirka; Sommer, Martin - 2008

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...

Persistent link: https://www.econbiz.de/10010298392