Theoretical Foundations of Buffer Stock Saving

"Buffer-stock" versions of the dynamic stochastic optimizing model of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main characteristics of buffer stock models, including the existence of a target level of wealth and the proposition that aggregate consumption growth equals aggregate income growth in a small open economy populated by buffer stock consumers

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Year of publication:	[2021]
Authors:	Carroll, Christopher D.
Publisher:	[S.l.] : SSRN
Subject:	Sparen \| Savings \| Intertemporale Entscheidung \| Intertemporal choice \| Vorsichtssparen \| Precautionary saving \| Kassenhaltungsansatz \| Cash balance approach \| Konsumtheorie \| Consumption theory \| Privater Konsum \| Private consumption

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Extent:	1 Online-Ressource (43 p)
Series:	NBER Working Paper ; No. w10867
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2004 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013240659