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Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

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Title: Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?
Authors: Ludvigson, Sydney C.1, Michaelides, Alexander2
Source: American Economic Review. Jun2001, Vol. 91 Issue 3, p631-647. 17p.
Database: Business Source Ultimate
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        Value: 10.1257/aer.91.3.631
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        Text: English
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