Correlated income shocks and excess smoothness of consumption

DOI10.1016/j.jedc.2014.08.022zbMath1402.91366OpenAlexW2085334922MaRDI QIDQ1991933

Dmytro Hryshko

Publication date: 2 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2014.08.022

zbMATH Keywords

life cycleconsumption dynamicspermanent-transitory decompositionincome processesbuffer stock model of savingscorrelated shocks

Mathematics Subject Classification ID

Economic growth models (91B62) Statistical methods; economic indices and measures (91B82)

Related Items (3)

Huggett economies with multiple stationary equilibria ⋮ Rational inattention and the dynamics of consumption and wealth in general equilibrium ⋮ Optimal consumption with time-inconsistent preferences

Cites Work

• The method of endogenous gridpoints for solving dynamic stochastic optimization problems
• Risk Sharing in Private Information Models With Asset Accumulation: Explaining the Excess Smoothness of Consumption
• The persistent-transitory representation for earnings processes
• Consumption Over the Life Cycle
• Income Variance Dynamics and Heterogeneity

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