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People Smooth Their Consumption. Shouldn’t Nations, Too?
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.
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https://www.stlouisfed.org/on-the-economy/2021/november/people-smooth-consumption-nations-too
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2021-11-16