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of a permanent income shock. Compared to existing empirical estimates for the same dataset, our findings suggest that …
Persistent link: https://www.econbiz.de/10011551036
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of a permanent income shock. Compared to existing empirical estimates for the same dataset, our findings suggest that …
Persistent link: https://www.econbiz.de/10011572286
of a permanent income shock. Compared to existing empirical estimates for the same dataset, our findings suggest that …
Persistent link: https://www.econbiz.de/10011631291
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and 9 percent of a permanent income shock. Our estimates are in line with empirical estimates for the same dataset, that …
Persistent link: https://www.econbiz.de/10011694737
are more substantial (and increasing with the horizon of the income shock) and wealth responses are much smaller. We show …
Persistent link: https://www.econbiz.de/10014437025
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hypothetically force (dis)aggregate measures of income to their pre-shock paths, consumption still rises. Corroborating these …
Persistent link: https://www.econbiz.de/10012167583