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The Permanent Income Hypothesis Revisited
16 references·16 citing·41 second hopsampled
The Permanent Income Hypothesis Revisited (1987)The Permanent Income Hypothesis RevisitedConsumption and Liquidity Constraints: An Empirical Investigation (1989)Consumption and Liquidity Con…Models of Business Cycles. (1988)Models of Business Cycles.Models of business cycles (1987)Models of business cyclesModeling the term structure of interest rates under non-separable utility and durability of goods (1986)Modeling the term structure o…Trends, random walks, and tests of the permanent income hypothesis (1985)Trends, random walks, and tes…Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns (1983)Stochastic Consumption, Risk …Real Business Cycles (1983)Real Business CyclesTime to Build and Aggregate Fluctuations (1982)Time to Build and Aggregate F…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…The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (1980)The Sensitivity of Consumptio…Macroeconomics and Reality (1980)Macroeconomics and RealityStochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)Stochastic Implications of th…Investment Under Uncertainty (1971)Investment Under UncertaintyNote on the Correlation of First Differences of Averages in a Random Chain (1960)Note on the Correlation of Fi…Economic policy uncertainty and dollar-pound exchange rate return volatility (2019)Economic policy uncertainty a…Risks for the long run: Estimation with time aggregation (2016)Risks for the long run: Estim…Recursive Models of Dynamic Linear Economies (2013)Recursive Models of Dynamic L…Identification and frequency domain quasi-maximum likelihood estimation of linearized dynamic stochastic general equilibrium models (2012)Identification and frequency …Housing Price Dispersion: An Empirical Investigation (2006)Housing Price Dispersion: An …How Do House Prices Affect Consumption? Evidence From Micro Data (2005)How Do House Prices Affect Co…How Do House Prices Affect Consumption? Evidence from Micro Data (2005)How Do House Prices Affect Co…Does consumer sentiment accurately forecast UK household consumption? Are there any comparisons to be made with the US? (2005)Does consumer sentiment accur…Idiosyncratic Consumption Risk and the Cross Section of Asset Returns (2004)Idiosyncratic Consumption Ris…Maximum likelihood in the frequency domain: the importance of time-to-plan (2003)Maximum likelihood in the fre…Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption? (2001)Does Buffer-Stock Saving Expl…Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price (2000)Potential Pitfalls for the Pu…Decision Frequency and Synchronization Across Agents: Implications for Aggregate Consumption and Equity Return (1996)Decision Frequency and Synchr…The Interaction Between Time-Nonseparable Preferences and Time Aggregation (1993)The Interaction Between Time-…An Econometric Study of Hours and Output Variation with Preference Shocks (1992)An Econometric Study of Hours…Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data (1987)Estimating Models with Intert…Pitfalls in Financial Model-Building (1968)Conditional logit analysis of qualitative choice behavior (1972)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Postwar U.S. Business Cycles: An Empirical Investigation (1997)Generalized impulse response analysis in linear multivariate models (1998)Credit Rationing in Markets with Imperfect Information (1981)Golden Eggs and Hyperbolic Discounting (1997)The analysis of household surveys (1997)Econometric Analysis of Cross Section and Panel Data (2001)A Theory of the Consumption Function (1958)THE LIFE CYCLE HYPOTHESIS OF SAVING: AGGREGATE IMPLICATIONS AND TESTS (1963)No news is good news (1992)Capital markets research in accounting (2001)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Understanding business cycles (1977)Trends and random walks in macroeconmic time series (1982)Agency Costs, Collateral, and Business Fluctuations (1986)Noise (1986)The Value Premium (2005)An Intertemporal Capital Asset Pricing Model (1973)Asset Prices in an Exchange Economy (1978)On estimating the expected return on the market (1980)Predicting returns in the stock and bond markets (1986)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis (1991)Chapter 18 A survey of behavioral finance (2003)Aggregate Dynamics and Staggered Contracts (1980)Tobin's Marginal q and Average q: A Neoclassical Interpretation (1982)The equity premium: A puzzle (1985)Production, growth and business cycles (1988)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)Equilibrium search and unemployment (1974)Convergence of least squares learning mechanisms in self-referential linear stochastic models (1989)Explaining saving-investment correlations (1993)Income and Wealth Heterogeneity in the Macroeconomy (1998)Information and the Change in the Paradigm in Economics (2002)The Macroeconomics of Happiness (2003)Testing for a Unit Root in Time Series Regression (1988)The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis (1989)SUPPLY-SIDE ECONOMICS: AN ANALYTICAL REVIEW (1990)A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily (2001)Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment (2016)
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References

  • 1980Macroeconomics and Reality12,826 cited
  • 1982Time to Build and Aggregate Fluctuations5,933 cited
  • 1978Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence3,581 cited
  • 1983Real Business Cycles2,076 cited
  • 1989Consumption and Liquidity Constraints: An Empirical Investigation1,933 cited
  • 1983Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns1,549 cited
  • 1987Models of business cycles1,509 cited
  • 1981The Adjustment of Consumption to Changing Expectations About Future Income1,326 cited
  • 1971Investment Under Uncertainty952 cited
  • 1988Models of Business Cycles.869 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
  • 1960Note on the Correlation of First Differences of Averages in a Random Chain406 cited
  • 1982The Permanent Income Hypothesis: Estimation and Testing by Instrumental Variables375 cited
  • 1986Modeling the term structure of interest rates under non-separable utility and durability of goods

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298 cited
  • 1985Trends, random walks, and tests of the permanent income hypothesis205 cited
  • Cited by

    • 1993The Interaction Between Time-Nonseparable Preferences and Time Aggregation228 cited
    • 2005How Do House Prices Affect Consumption? Evidence from Micro Data227 cited
    • 1987Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data206 cited
    • 1996Decision Frequency and Synchronization Across Agents: Implications for Aggregate Consumption and Equity Return132 cited
    • 2019Economic policy uncertainty and dollar-pound exchange rate return volatility129 cited
    • 2006Housing Price Dispersion: An Empirical Investigation127 cited
    • 2016Risks for the long run: Estimation with time aggregation125 cited
    • 2004Idiosyncratic Consumption Risk and the Cross Section of Asset Returns119 cited
    • 1992An Econometric Study of Hours and Output Variation with Preference Shocks100 cited
    • 2001Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?99 cited
    • 2005Does consumer sentiment accurately forecast UK household consumption? Are there any comparisons to be made with the US?97 cited
    • 2013Recursive Models of Dynamic Linear Economies96 cited
    • 2005How Do House Prices Affect Consumption? Evidence From Micro Data88 cited
    • 2000Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price86 cited
    • 2012Identification and frequency domain quasi-maximum likelihood estimation of linearized dynamic stochastic general equilibrium models82 cited
    • 2003Maximum likelihood in the frequency domain: the importance of time-to-plan66 cited