Intertemporal Nonseparability or Borrowing Restrictions? A Disaggregate Analysis using a U.S. Consumption Panel

Costas Meghir · Guglielmo Weber

142 citations0/0 files storedEconometrica

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Costas Meghir, Guglielmo Weber, Intertemporal Nonseparability or Borrowing Restrictions? A Disaggregate Analysis using a U.S. Consumption Panel, Econometrica, Vol. 64, No. 5 (Sep., 1996), pp. 1151-1181

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1990Habit Formation: A Resolution of the Equity Premium Puzzle 1989Consumption and Liquidity Constraints: An Empirical Investigation 1981Intertemporal Substitution in Consumption 1992The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence 1985A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle 1993Consumption Growth, the Interest Rate and Aggregation 1994Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey 1993Consumer demand and the life-cycle allocation of household expenditures

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