Arbeitspapier
Theoretical foundations of buffer stock saving
Buffer-stock models of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main features of such models, including the existence of a target wealth ratio and the proposition that aggregate consumption growth equals aggregate income growth in a small open economy populated by buffer stock savers.
- Sprache
-
Englisch
- Erschienen in
-
Series: CFS Working Paper ; No. 2011/15
- 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
Kassenhaltungsansatz
Vorsorgesparen
Konsumtheorie
Zeitpräferenz
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Carroll, Christopher D.
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, Center for Financial Studies (CFS)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2011
- Handle
- URN
-
urn:nbn:de:hebis:30-102399
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Carroll, Christopher D.
- Goethe University Frankfurt, Center for Financial Studies (CFS)
Entstanden
- 2011