New evidence on the excess smoothness of consumption
The purpose of this paper is to revisit the evidence on the excess smoothness of consumption within the permanent income model, by using recently available monthly data. Two formulations of the univariate process of personal disposable income are adopted: in the levels and in the log-levels. More th...
|Main Author:||Azar, Samih Antoine|
|Place of publication:||
Sharjah Bentham Open 2009
|published in:||The Open Economics Journal Vol. 2; pp. 10 - 19|
|Data of publication:||2009|
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