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Permanent income hypothesis / Marginal propensity to consume / Consumption function / Milton Friedman / Random walk model of consumption / Utility / Economic model / Income / Consumption smoothing / Macroeconomics / Economics / Precautionary savings
Date: 2001-08-07 11:48:46
Permanent income hypothesis
Marginal propensity to consume
Consumption function
Milton Friedman
Random walk model of consumption
Utility
Economic model
Income
Consumption smoothing
Macroeconomics
Economics
Precautionary savings

NBER Final Draft A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version) Christopher D. Carroll†

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