A re‐examination of the excess smoothness puzzle when consumers estimate the income process

The excess smoothness puzzle is explored using a simple version of the permanent income hypothesis. The new feature is that consumers do not know the observed data‐generating process for income. Instead they estimate the income process every period using the past income data and update their income...

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Bibliographic details
Volume: 20
Main Author: Banerjee, Anurag N
Basu, Parantap
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Chichester, UK John Wiley & Sons, Ltd 01.08.2001
John Wiley & Sons, Inc
published in: Journal of forecasting Vol. 20; no. 5; pp. 357 - 366
Data of publication: August 2001
ISSN: 0277-6693
EISSN: 1099-131X
Discipline: Economics
Social Sciences (General)
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science
Web of Science - Social Sciences Citation Index - 2001
Academic OneFile (A&I only)
Database information Databases - DBIS