| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24377 |
| 来源ID | Working Paper 24377 |
| Sticky Expectations and Consumption Dynamics | |
| Christopher D. Carroll; Edmund Crawley; Jiri Slacalek; Kiichi Tokuoka; Matthew N. White | |
| 发表日期 | 2018-03-05 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Macroeconomic models often invoke consumption “habits” to explain the substantial persistence of aggregate consumption growth. But a large literature has found no evidence of habits in microeconomic datasets that measure the behavior of individual households. We show that the apparent conflict can be explained by a model in which consumers have accurate knowledge of their personal circumstances but ‘sticky expectations’ about the macroeconomy. In our model, the persistence of aggregate consumption growth reflects consumers’ imperfect attention to aggregate shocks. Our proposed degree of (macro) inattention has negligible utility costs, because aggregate shocks constitute only a tiny proportion of the uncertainty that consumers face. |
| 主题 | Microeconomics ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Business Cycles |
| URL | https://www.nber.org/papers/w24377 |
| 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/582050 |
| 推荐引用方式 GB/T 7714 | Christopher D. Carroll,Edmund Crawley,Jiri Slacalek,et al. Sticky Expectations and Consumption Dynamics. 2018. |
| 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 | ||
| w24377.pdf（909KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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