The slow adjustment of aggregate consumption to permanent income

Journal of Money, Credit and Banking

Volumn 39, Issue 2-3, 2007, Pages 615-638

  Morley, James C ^a  

^a WASHINGTON UNIVERSITY   (United States)

Author keywords

Aggregate consumption; Cointegration; Correlated unobserved components; Habit formation; Permanent income hypothesis; Precautionary savings

Indexed keywords

EID: 34247547535     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.0022-2879.2007.00038.x     Document Type: Article

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