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Cyclical variations in liquidity-constrained consumers: Evidence from macro data in Japan
16 references·5 citing·40 second hop
Cyclical variations in liquidity-constrained consumers: Evidence from macro data in Japan (1990)Cyclical variations in liquidity-constrai…Permanent Income, Current Income, and Consumption (1990)Permanent Income, Current Inc…Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence (1989)Optimal Consumption with Stoc…Risky income, life cycle consumption, and precautionary savings (1988)Risky income, life cycle cons…Permanent Income, Current Income, and Consumption (1987)Permanent Income, Current Inc…The Present Value of Profits and Cyclical Movements in Investment (1986)The Present Value of Profits …Life-Cycle Models of Consumption: Is the Evidence Consistent with the Theory? (1986)Life-Cycle Models of Consumpt…Excess Sensitivity of Consumption to Current Income: Liquidity Constraints or Myopia? (1985)Excess Sensitivity of Consump…Excess Sensitivity of Consumption to Current Income: Liquidity Constraints or Myopia? (1984)Excess Sensitivity of Consump…The Present Value of Profits and Cyclical Movements in Investment (1983)The Present Value of Profits …The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (1982)The Sensitivity of Consumptio…The Permanent Income Hypothesis: Estimation and Testing by Instrumental Variables (1982)The Permanent Income Hypothes…The Adjustment of Consumption to Changing Expectations About Future Income (1981)The Adjustment of Consumption…Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)Likelihood Ratio Statistics f…The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (1980)The Sensitivity of Consumptio…Formulating and estimating dynamic linear rational expectations models (1980)Formulating and estimating dy…Saving and Uncertainty: The Precautionary Demand for Saving (1968)Saving and Uncertainty: The P…Economic Development and Time Preference Schedule: The Case of Japan and East Asian NICs (2015)Economic Development and Time…Who Faces Higher Prices? An Empirical Analysis Based on Japanese Homescan Data (2014)Who Faces Higher Prices? An E…Do borrowing constraints matter? An analysis of why the permanent income hypothesis does not apply in Japan (2006)Do borrowing constraints matt…Capital Gains in Japan: Their Magnitude and Impact on Consumption (1996)Capital Gains in Japan: Their…An empirical re-evaluation of wealth effect in Japanese household behavior (1996)An empirical re-evaluation of…Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Time Series Analysis: Forecasting and Control (1977)Macroeconomics and Reality (1980)The Solution of Linear Difference Models under Rational Expectations (1980)On the Limitations of Government Borrowing: A Framework for Empirical Testing (1985)Rational-expectations econometric analysis of changes in regime (1988)A Theory of the Consumption Function (1958)THE LIFE CYCLE HYPOTHESIS OF SAVING: AGGREGATE IMPLICATIONS AND TESTS (1963)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)No news is good news (1992)Capital markets research in accounting (2001)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Consumption and Liquidity Constraints: An Empirical Investigation (1989)Uninsured Idiosyncratic Risk and Aggregate Saving (1994)Measuring Expectations (2004)How do house prices affect consumption? Evidence from micro data (2006)Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Testing for a Unit Root in Time Series Regression (1988)Bounds testing approaches to the analysis of level relationships (2001)Unit root tests in panel data: asymptotic and finite-sample properties (2002)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Learning with Information Capacity Constraints (2005)Uninsured idiosyncratic investment risk and aggregate saving (2007)Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox (2008)American Economic Review (2019)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Risk Aversion in the Small and in the Large (1964)Optimum consumption and portfolio rules in a continuous-time model (1971)Are Government Bonds Net Wealth? (1974)How Important Is Precautionary Saving? (1995)Wealth distribution in life-cycle economies (1996)Economic Instability and Aggregate Investment (1993)Fiscal Policy, Profits, and Investment (2002)The relationship between technology, innovation, and firm performance—Empirical evidence from e-business in Europe (2008)Alternative Explanations of the Money-Income Correlation (1986)Golden Eggs and Hyperbolic Discounting (1997)Panel Data Econometrics (2003)Precautionary Saving in the Small and in the Large (1989)The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)DO NATURAL DISASTERS PROMOTE LONG‐RUN GROWTH? (2002)
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References

  • 1981Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root14,647 cited
  • 1968Saving and Uncertainty: The Precautionary Demand for Saving1,376 cited
  • 1981The Adjustment of Consumption to Changing Expectations About Future Income1,326 cited
  • 1989Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence904 cited
  • 1980Formulating and estimating dynamic linear rational expectations models877 cited
  • 1982The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households733 cited
  • 1980The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households650 cited
  • 1988Risky income, life cycle consumption, and precautionary savings521 cited
  • 1986The Present Value of Profits and Cyclical Movements in Investment423 cited
  • 1990Permanent Income, Current Income, and Consumption389 cited
  • 1982The Permanent Income Hypothesis: Estimation and Testing by Instrumental Variables375 cited
  • 1983The Present Value of Profits and Cyclical Movements in Investment338 cited
  • 1986Life-Cycle Models of Consumption: Is the Evidence Consistent with the Theory?250 cited
  • 1987Permanent Income, Current Income, and Consumption200 cited
  • 1985

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Excess Sensitivity of Consumption to Current Income: Liquidity Constraints or Myopia?
166 cited
  • 1984Excess Sensitivity of Consumption to Current Income: Liquidity Constraints or Myopia?157 cited
  • Cited by

    • 1996An empirical re-evaluation of wealth effect in Japanese household behavior27 cited
    • 1996Capital Gains in Japan: Their Magnitude and Impact on Consumption22 cited
    • 2015Economic Development and Time Preference Schedule: The Case of Japan and East Asian NICs19 cited
    • 2006Do borrowing constraints matter? An analysis of why the permanent income hypothesis does not apply in Japan18 cited
    • 2014Who Faces Higher Prices? An Empirical Analysis Based on Japanese Homescan Data12 cited