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~isPartOf:"NBER working paper series"
~subject:"Consumer behaviour"
~subject:"Estimation"
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Credit, Bankruptcy, and Aggregate Fluctuations
Nakajima, Makoto
-
2014
that more households than normal fare very poorly). Second, does access to credit smooth
aggregate
consumption
or aggregate …
Persistent link: https://www.econbiz.de/10012458048
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2
'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?
Carroll, Christopher D.
-
2000
,1999); Constantinides (1990); Jermann (1998); Campbell and Cochrane (1999)) to the excess smoothness' of
aggregate
consumption
(Fuhrer (2000 …
Persistent link: https://www.econbiz.de/10012470904
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