Chipeniuk, Karsten; Walker, Todd Bruce; Katz, Nets Hawk - 2022
-contingent future prices. Households take these as given when forming expectations and making optimal consumption / savings decisions … auctioneer allows us to study each problem in isolation as well as to discuss the intersection. On the household side, we … separate an explicit expression for the linear permanent income component of savings from a well-behaved nonlinear adjustment …