Article ID Journal Published Year Pages File Type
5059585 Economics Letters 2013 4 Pages PDF
Abstract
► We examine a model of saving/consumption with a multidimensional risk. ► We characterize increasing and decreasing multivariate prudence. ► A multidimensional risk increases the marginal propensity to consume if multivariate prudence is decreasing.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The marginal propensity to consume and multidimensional risk
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