Open AccessPrecautionary Savings and the Wealth Distribution with Illiquid Durables
Author(s) -
Joseph W. Gruber,
Robert F. Martin
Publication year - 2003
Publication title -
international finance discussion papers
Language(s) - English
Resource type - Journals
eISSN - 2767-4509
pISSN - 1073-2500
DOI - 10.17016/ifdp.2003.773
Subject(s) - economics , transaction cost , consumption (sociology) , volatility (finance) , consumption function , permanent income hypothesis , precautionary savings , econometrics , durable good , monetary economics , wealth effect , dispersion (optics) , microeconomics , market liquidity , production (economics) , monetary policy , social science , physics , optics , sociology