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The Timing of Purchases and Aggregate Fluctuations
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References

  • 1999State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output770 cited
  • 1989Why is Consumption So Smooth?586 cited
  • 1990Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods518 cited
  • 1999Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach503 cited
  • 1987Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods420 cited
  • 2011CONSUMPTION AND SAVING OVER THE LIFE CYCLE: HOW IMPORTANT ARE CONSUMER DURABLES?389 cited
  • 2002Is Lumpy Investment Relevant for the Business Cycle?288 cited
  • 1994Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases274 cited
  • 1997Balladurette and Juppette : a discrete analysis of scrapping subsidies215 cited
  • 1991Durable Goods: An Explanation for Their Slow Adjustment155 cited
  • n.d.Comment on "When Inequality Matters for Macro and Macro Matters for Inequality"144 cited
  • 1998Using Consumer Theory to Test Competing Business Cycles Models98 cited
  • 1991Liquidity Constraints and Intertemporal Consumer Optimization: Theory and Evidence From Durable Goods87 cited
  • 1992Consumer Durables: Evidence on the Optimality of Usually Doing Nothing82 cited

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  • 1998Inflation Stabilisation and the Consumption of Durable Goods71 cited
  • 1999Shocks, Stocks and Socks: Consumption Smoothing and the Replacement of Durables During an Unemployment Spell40 cited
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