| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13876 |
| 来源ID | Working Paper 13876 |
| International Evidence on Sticky Consumption Growth | |
| Christopher D. Carroll; Jiri Slacalek; Martin Sommer | |
| 发表日期 | 2008-03-14 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption-growth model outperforms the random walk model of Hall (1978), and typically fits the data better than the popular Campbell and Mankiw (1989) model. In several countries, the sticky-consumption-growth and Campbell-Mankiw models work about equally well. |
| 主题 | Macroeconomics ; Consumption and Investment ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w13876 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571550 |
| 推荐引用方式 GB/T 7714 | Christopher D. Carroll,Jiri Slacalek,Martin Sommer. International Evidence on Sticky Consumption Growth. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13876.pdf（304KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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