Generalizing the permanent-income hypothesis: Revisiting Friedman's conjecture on consumption

Journal of Monetary Economics

Volumn 53, Issue 4, 2006, Pages 737-752

  Wang, Neng ^a  

^a The Sanford C Bernstein Co Center for Leadership and Ethics   (United States)

Author keywords

Conditional heteroskedasticity; Marginal propensity to consume; Permanent income; Precautionary saving

Indexed keywords

EID: 33744540093     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2005.04.005     Document Type: Article

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