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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


NBER Final Draft A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version) Christopher D. Carroll†
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Document Date: 2001-08-07 11:48:46

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File Size: 536,63 KB

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