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The Response of Consumption to Anticipated Changes in Income

Tullio Jappelli and Luigi Pistaferri

in The Economics of Consumption: Theory and Evidence

Published in print:
2017
Published Online:
October 2017
ISBN:
9780199383146
eISBN:
9780199383160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199383146.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

The intertemporal models studied so far postulate that people use savings in order to smooth income fluctuations, and that unless there are liquidity constraints, consumption responds little if at ... More


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