@techreport{Carroll2011Theoretical,
abstract = {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.},
address = {Frankfurt, Main},
author = {Christopher D. Carroll},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D81; D91; E21; 330; Precautionary Saving; Buffer Stock Saving; Marginal Propensity to Consume; Permanent Income Hypothesis; Sparen; Kassenhaltungsansatz; Vorsorgesparen; Konsumtheorie; Zeitpr\"{a}ferenz; Theorie},
language = {eng},
note = {urn:nbn:de:hebis:30-102399},
number = {2011/15},
publisher = {Center for Financial Studies},
title = {Theoretical foundations of buffer stock saving},
type = {CFS Working Paper},
url = {http://hdl.handle.net/10419/57365},
year = {2011}
}
