Consumption and Credit: A Model of Time-Varying Liquidity Constraints

The Quarterly Journal of Economics

2024 • 7,295 citations

Financing Constraints and Corporate Investment

1988 • 4,857 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence

1978 • 3,343 citations

The Financial Accelerator and the Flight to Quality

1996 • 2,364 citations

Consumption and Liquidity Constraints: An Empirical Investigation

1989 • 1,944 citations

The American Economic Review

2009 • 1,847 citations

Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns

1983 • 1,611 citations

Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis

1997 • 1,594 citations

Saving and Liquidity Constraints

1991 • 1,535 citations

The Adjustment of Consumption to Changing Expectations About Future Income

1981 • 1,326 citations

On the Behaviour of Commodity Prices

1992 • 1,125 citations

Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence

1989 • 925 citations

The use of time series processes to model the error structure of earnings in a longitudinal data analysis

1982 • 887 citations

Who is Credit Constrained in the U. S. Economy?

1990 • 820 citations

The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households

1982 • 671 citations

Does Consumer Sentiment Forecast Household Spending? If So, Why?

1994 • 661 citations

Permanent Income, Current Income, and Consumption

1990 • 622 citations

Consumption Growth, the Interest Rate and Aggregation

1993 • 563 citations

The response of consumption to income

1991 • 546 citations

Portfolio Choice and Liquidity Constraints*

2003 • 268 citations

Concavity of the Consumption Function with

2014 • 258 citations

Individual Income, Incomplete Information, and Aggregate Consumption

1995 • 211 citations

The Intertemporal Elasticity of Substitution: An Exploration using a US Panel of State Data

1996 • 180 citations

The permanent income hypothesis and the real interest rate

1981 • 171 citations

The Permanent Income Hypothesis Revisited

1991 • 105 citations

The Channel of Monetary Transmission to Demand: Evidence from the Market for Automobile Credit

1998 • 80 citations

Buffer stock saving and the permanent income hypothesis

1991 • 63 citations

Asset Pricing Lessons for Modeling Business Cycles

1995 • 52 citations

Instrument Relevance in Linear Models: A Simple Measure

1993 • 12 citations

Examining Asian Outbound Travelers' Consumption Patterns After the 1997 Asian Economic Crisis

2000 • 6 citations