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CFS Working Paper Series, Universität Frankfurt a. M. >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/57365
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| Title: | | Theoretical foundations of buffer stock saving  |
| Authors: | | Carroll, Christopher D. |
| Issue Date: | | 2011 |
| Series/Report no.: | | CFS Working Paper 2011/15 |
| 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. |
| Subjects: | | Precautionary Saving Buffer Stock Saving Marginal Propensity to Consume Permanent Income Hypothesis |
| JEL: | | D81 D91 E21 |
| Persistent Identifier of the first edition: | | urn:nbn:de:hebis:30-102399 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CFS Working Paper Series, Universität Frankfurt a. M.
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