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On Excess Smoothness and Excess Sensitivity in U.S. Consumption

On Excess Smoothness and Excess Sensitivity in U.S. Consumption PDF Author: Clifford L. F. Attfield
Publisher:
ISBN:
Category : Applied mathematics
Languages : en
Pages :

Book Description

On Excess Smoothness and Excess Sensitivity in U.S. Consumption

On Excess Smoothness and Excess Sensitivity in U.S. Consumption PDF Author: Clifford L. F. Attfield
Publisher:
ISBN:
Category : Applied mathematics
Languages : en
Pages :

Book Description

The excess smoothness of consumption

The excess smoothness of consumption PDF Author: Marjorie Flavin
Publisher:
ISBN:
Category :
Languages : es
Pages : 53

Book Description

The Excess Smoothness of Consumption

The Excess Smoothness of Consumption PDF Author: Gene M. Grossman
Publisher:
ISBN:
Category : Capitalists and financiers
Languages : en
Pages : 33

Book Description

Inattentive Consumers

Inattentive Consumers PDF Author: Ricardo Reis
Publisher:
ISBN:
Category : Consumer behavior
Languages : en
Pages : 72

Book Description
This paper studies the consumption decisions of agents who face costs of acquiring, absorbing and processing information. These consumers rationally choose to only sporadically update their information and re-compute their optimal consumption plans. In between updating dates, they remain inattentive. This behavior implies that news disperses slowly throughout the population, so events have a gradual and delayed effect on aggregate consumption. The model predicts that aggregate consumption adjusts slowly to shocks, and is able to explain the excess sensitivity and excess smoothness puzzles. In addition, individual consumption is sensitive to ordinary and unexpected past news, but it is not sensitive to extraordinary or predictable events. The model further predicts that some people rationally choose to not plan, live hand-to-mouth, and save less, while other people sporadically update their plans. The longer are these plans, the more they save. Evidence using U.S. aggregate and microeconomic data generally supports these predictions.

The Excess Smoothness Puzzle in Consumption

The Excess Smoothness Puzzle in Consumption PDF Author: Taeyol Lee
Publisher:
ISBN:
Category :
Languages : en
Pages : 214

Book Description

Understanding Consumption

Understanding Consumption PDF Author: Angus Deaton
Publisher: Oxford University Press
ISBN: 9780198288244
Category : Business & Economics
Languages : en
Pages : 260

Book Description
An overview of the saving and consumption patterns of households

EXCESS SENSITIVITY AND AYMMETRIES IN CONSUMPTION: AN EMPIRICAL INVESTIGATION

EXCESS SENSITIVITY AND AYMMETRIES IN CONSUMPTION: AN EMPIRICAL INVESTIGATION PDF Author: Rene GARCIA
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description

Essays on Consumption, Excess Sensitivity, and Income Uncertainty

Essays on Consumption, Excess Sensitivity, and Income Uncertainty PDF Author: Siobhán Lucey
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description

Excess sensitivity and asymmetries in consumption : an empirial investigation /..., Annamaria Lusardi, Serena Ng

Excess sensitivity and asymmetries in consumption : an empirial investigation /..., Annamaria Lusardi, Serena Ng PDF Author: René Garcia
Publisher:
ISBN:
Category :
Languages : fr
Pages :

Book Description

Weekly Weather and Crop Bulletin

Weekly Weather and Crop Bulletin PDF Author:
Publisher:
ISBN:
Category : Crops and climate
Languages : en
Pages : 32

Book Description

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