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- W2256405478 abstract "We develop a Neo-Classical growth model with habit formation to exhibit an equilibrium non-linear relationship between aggregate consumption growth and income growth. We provide empirical evidence consistent with this relationship both for the U.S. and France, and we estimate this non-linear relationship. We find for both countries robust evidence of persistence and cyclicity." @default.
- W2256405478 created "2016-06-24" @default.
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- W2256405478 date "2009-01-01" @default.
- W2256405478 modified "2023-09-26" @default.
- W2256405478 title "Consumption and Income Relationship: Non-Linearity, Cyclicity and Persistence" @default.
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- W2256405478 doi "https://doi.org/10.2139/ssrn.1459635" @default.
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