TY  - UNPD
A1  - Carroll, Chris
T1  - Theoretical foundations of buffer stock saving : [Version July 30, 2011]
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2011,15
N2  - "Buffer-stock" models of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main features of such models, including the existence of a target wealth ratio and the proposition that aggregate consumption growth equals aggregate income growth in a small open economy populated by buffer stock savers. JEL Classification: D81, D91, E21 Keywords: Precautionary Saving, Buffer Stock Saving, Marginal Propensity to Consume, Permanent Income Hypothesis
T3  - CFS working paper series - 2011, 15 
KW  - Precautionary Saving
KW  - Buffer Stock Saving
KW  - Marginal Propensity to Consume
KW  - Permanent Income Hypothesis
Y1  - 2011
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/22360
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-102399
IS  - Version July 30, 2011
ER  -