| cff-version | message | authors | title | date-released | abstract | remark-version | references | repository | github_repo_url | remark-name | title-original-paper | notebooks | dashboards | identifiers-paper | date-published-original-paper | tags | keywords | ||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1.1.0 |
For a consumption/saving problem with transitory and permanent shocks and unbounded (CRRA) utility, this paper derives conditions under which a nondegenerate solution exists, and under which a target wealth ratio exists; all results are paired with illustrative numerical solutions. |
|
BufferStockTheory |
2020-10-11 |
This paper builds foundations for rigorous and intuitive understanding of 'buffer stock' saving models (Bewley (1977)-like models with a wealth target), pairing each theoretical result with quantitative illustrations. After describing conditions under which a consumption function exists, the paper articulates stricter Growth Impatience' conditions that guarantee alternative forms of stability --- either at the population level, or for individual consumers. Together, the numerical tools and analytical results constitute a comprehensive toolkit for understanding buffer stock models. |
1.0 |
|
BufferStockTheory |
Theoretical Foundations of Buffer Stock Saving |
|
|
|
2020-09-14 |
|
|
"This paper builds foundations for rigorous and intuitive understanding of buffer stock' saving models (Bewley (1977)-like models with a wealth target), pairing each theoretical result with quantitative illustrations. After describing conditions under which a consumption function exists, the paper articulates stricter Growth Impatience' conditions that guarantee alternative forms of stability --- either at the population level, or for individual consumers. Together, the numerical tools and analytical results constitute a comprehensive toolkit for understanding buffer stock models.