| Record ID | marc_loc_2016/BooksAll.2016.part36.utf8:75647567:1813 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part36.utf8:75647567:1813?format=raw |
LEADER: 01813cam a22003017a 4500
001 2008612422
003 DLC
005 20080716090401.0
007 cr |||||||||||
008 080616s2008 mau sb 000 0 eng
010 $a 2008612422
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aCarroll, Chris.
245 10 $aInternational evidence on sticky consumption growth$h[electronic resource] /$cChristopher D. Carroll, Jiri Slacalek, Martin Sommer.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2008.
490 1 $aNBER working paper series ;$vworking paper 13876
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 6/16/2008.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption-growth model outperforms the random walk model of Hall (1978), and typically fits the data better than the popular Campbell and Mankiw (1989) model. In several countries, the sticky-consumption-growth and Campbell-Mankiw models work about equally well"--National Bureau of Economic Research web site.
700 1 $aSlacalek, Jiri,$d1975-
700 1 $aSommer, Martin.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 13876.
856 40 $uhttp://papers.nber.org/papers/w13876