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...

Full description

Saved in:
Bibliographic details
Volume: 2
Main Author: Azar, Samih Antoine
Format: Journal Article
Language: English
Place of publication: Sharjah Bentham Open 2009
published in: The Open Economics Journal Vol. 2; pp. 10 - 19
Data of publication: 2009
Subjects:
Online Access: Fulltext
Database: EconStor
Database information Databases - DBIS