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American Economic Review: Vol. 91 No. 3 (June 2001)

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Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

Article Citation

Ludvigson, Sydney C., and Alexander Michaelides. 2001. "Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?" American Economic Review, 91(3): 631-647.

DOI: 10.1257/aer.91.3.631

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Authors

Ludvigson, Sydney C. (Federal Reserve Bank of New York)
Michaelides, Alexander (U Cyprus)

JEL Classifications

E21: Macroeconomics: Consumption; Saving; Wealth
D91: Intertemporal Consumer Choice; Life Cycle Models and Saving


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