منابع مشابه
Individual Learning About Consumption
We would like to thank the editors of this volume, along with John Miller, Scott Page, and seminar participants at the Santa Fe Institute for helpful comments on earlier drafts of this paper. † PriceWaterhouseCoopers, 1301 Avenue of the Americas, New York, NY 10019, [email protected] ‡ NBER and The Johns Hopkins University. Correspondence to Christopher Carroll, Department of Econom...
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This paper draws on the experiences of the author during the past fifteen years of working primarily with school, college, university and health librarians, but with occasional forays into the public and special library domains. It is written by an educationalist and teacher trainer with an interest in library development; someone who has never run a library but who has researched into them and...
متن کاملIndividual income , incomplete information , and aggregate consumption
In this paper I study a model of life-cycle consumption in which individuals react optimally to their own income process but ignore economy wide information. Since individual income is less persistent than aggregate income consumers will react too little to aggregate income variation. Aggregate consumption will be excessively smooth. Since aggregate information is slowly incorporated into consu...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2001
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s136510050101906x