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Title:Theoretical foundations of buffer stock saving PDF Logo
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
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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