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- W1974969897 abstract "A recent article by Bernanke [1984] tests the rational expectations-permanent income hypothesis using panel data on automobile expenditures. He finds no evidence refuting the hypothesis. This paper incorporates a threshold adjustment process into Bernanke's model. Estimations based on a subset of the data used by Bernanke reveal evidence that resale market imperfections and credit market constraints have important effects on automobile expenditures." @default.
- W1974969897 created "2016-06-24" @default.
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- W1974969897 date "1991-02-01" @default.
- W1974969897 modified "2023-09-27" @default.
- W1974969897 title "Permanent Income, Liquidity, and Adjustments of Automobile Stocks: Evidence from Panel Data" @default.
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- W1974969897 doi "https://doi.org/10.2307/2937913" @default.
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