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Liquidity considerations in the theory of consumption

Pissarides, Christopher (1978) Liquidity considerations in the theory of consumption. Quarterly Journal of Economics, 92 (2). pp. 279-296. ISSN 0033-5533

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Identification Number: 10.2307/1884163

Abstract

I. Introduction, 279.—II. The model and optimality conditions, 281.—III. The optimal consumption plan, 284.—IV. Implications of the portfolio liquidity structure, 288.—V. Conclusions, 293.

Item Type: Article
Official URL: http://qje.oxfordjournals.org/
Additional Information: © 1978 The President and Fellows of Harvard College and the Massachusetts Institute of Technology
Subjects: H Social Sciences > HB Economic Theory
JEL classification: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E21 - Macroeconomics: Consumption; Saving; Aggregate Physical and Financial Consumer Wealth
Sets: Departments > Economics
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 27 Apr 2007
Last Modified: 27 Jun 2012 15:36
URI: http://eprints.lse.ac.uk/id/eprint/1196

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