People Smooth Their Consumption. Shouldn’t Nations, Too?

Paulina Restrepo-Echavarria and Mark Wright

On the Economy from Federal Reserve Bank of St. Louis

Abstract: Theory says consumption should be less volatile than income because people use savings or borrow to smooth consumption. Yet, some nations don’t appear to follow this.

Keywords: consumption; smoothing (search for similar items in EconPapers)
Date: 2021-11-16
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:94047

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