Arbeitspapier
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 517
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
Precautionary saving
buffer stock saving
marginal propensity to consume
permanent income hypothesis
Sparen
Dynamische Optimierung
Gesamtwirtschaftlicher Konsum
Kleines-offenes-Land
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Carroll, Christopher D.
- Ereignis
-
Veröffentlichung
- (wer)
-
The Johns Hopkins University, Department of Economics
- (wo)
-
Baltimore, MD
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:24 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Carroll, Christopher D.
- The Johns Hopkins University, Department of Economics
Entstanden
- 2004
Ähnliche Objekte (12)
Theoretical foundations of buffer stock saving
Theoretical foundations of buffer stock saving
A tractable model of buffer stock saving
A tractable model of buffer stock saving
Buffer-stock saving in a Krusell-Smith world
Buffer-Stock Saving and Households' Response to Income Shocks
Buffer-Stock Saving and Households' Response to Income Shocks
Buffer-stock saving and households' response to income shocks
Buffer-stock saving and households' response to income shocks
Buffer-stock saving and households' response to income shocks
A direct test of the buffer-stock model of saving
A direct test of the buffer-stock model of saving
Theoretical foundations of buffer stock saving
Theoretical foundations of buffer stock saving
A tractable model of buffer stock saving
A tractable model of buffer stock saving
Buffer-stock saving in a Krusell-Smith world
Buffer-Stock Saving and Households' Response to Income Shocks
Buffer-Stock Saving and Households' Response to Income Shocks
Buffer-stock saving and households' response to income shocks
Buffer-stock saving and households' response to income shocks
Buffer-stock saving and households' response to income shocks
A direct test of the buffer-stock model of saving
A direct test of the buffer-stock model of saving
Theoretical foundations of buffer stock saving
Theoretical foundations of buffer stock saving
A tractable model of buffer stock saving
A tractable model of buffer stock saving
Buffer-stock saving in a Krusell-Smith world
Buffer-Stock Saving and Households' Response to Income Shocks
Buffer-Stock Saving and Households' Response to Income Shocks
Buffer-stock saving and households' response to income shocks
Buffer-stock saving and households' response to income shocks
Buffer-stock saving and households' response to income shocks
A direct test of the buffer-stock model of saving