Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

American economic review

1992 • 16,670 citations

The American Economic Review

2010 • 4,680 citations

Precautionary Saving in the Small and in the Large

1990 • 1,670 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

The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence

1992 • 1,076 citations

Precautionary Saving and Social Insurance

1995 • 983 citations

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

1982 • 887 citations

The nature of precautionary wealth

1997 • 821 citations

Self-Control and Saving for Retirement

1998 • 749 citations

Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing

1996 • 683 citations

Evaluating the effects of incomplete markets on risk sharing nad asset pricing

2010 • 666 citations

On the Covariance Structure of Earnings and Hours Changes

1989 • 623 citations

A Time Series Analysis of Representative Agent Models of Consumption and Leisure Choice under Uncertainty

1988 • 621 citations

Why is Consumption So Smooth?

1989 • 592 citations

Consumption Growth, the Interest Rate and Aggregation

1993 • 563 citations

Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis

1987 • 506 citations

Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence

1989 • 443 citations

The Time Series Consumption Function Revisited

1985 • 416 citations

Note on the Correlation of First Differences of Averages in a Random Chain

1960 • 408 citations

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

1999 • 272 citations

Life-Cycle Models of Consumption: Is the Evidence Consistent with the Theory?

1986 • 270 citations

Portfolio Choice and Liquidity Constraints*

2003 • 268 citations

The Interaction Between Time-Nonseparable Preferences and Time Aggregation

1993 • 256 citations

Trends, random walks, and tests of the permanent income hypothesis

1985 • 212 citations

Individual Income, Incomplete Information, and Aggregate Consumption

1995 • 211 citations

Permanent and Transitory Movements in Labor Income: An Explanation for "Excess Smoothness" in Consumption

1990 • 195 citations

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

1996 • 180 citations

Consumption and credit constraints: International evidence

1997 • 169 citations

The Construction of U.S. Consumption Data: Some Facts and Their Implications for Empirical Work

1992 • 142 citations

Consumption and Credit Constraints: International evidence

1997 • 137 citations

Rules of Thumb versus Dynamic Programming

1999 • 118 citations

The Permanent Income Hypothesis Revisited

1991 • 105 citations

Budget Constraints and Time-Series Evidence on Consumption

2016 • 69 citations

Some New Evidence on the Timing of Consumption Decisions and on Their Generating Process

1989 • 44 citations

Portfolio Choice and Liquidity Constraints

2000 • 41 citations

An optimizing model for monetary policy analysis : can habit formation help?

1998 • 17 citations