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,-------------------.
|  BIBTEX ENTRIES   |
`-------------------'

@misc{matthew_n_white_2017_1001068,
  author =        {Christopher D Carroll and Matthew N White and
                   Team Econ-ARK},
  month =         oct,
  note =          {Available at via doi:10.5281/zenodo.1001068 or at
                   \url{https://doi.org/10.5281/zenodo.1001068}},
  title =         {econ-ark/HARK: 0.8.0},
  year =          {2017},
  doi =           {10.5281/zenodo.1001068},
  url =           {https://doi.org/10.5281/zenodo.1001068},
}

@article{cdSmooth,
  author =        {Campbell, John and Deaton, Angus},
  journal =       {The Review of Economic Studies},
  month =         {jul},
  note =          {\url{http://www.jstor.org/stable/2297552}},
  number =        {3},
  pages =         {357--373},
  publisher =     {The Review of Economic Studies Ltd.},
  title =         {{W}hy is {C}onsumption {S}o {S}mooth?},
  volume =        {56},
  year =          {1989},
  abstract =      {For thirty years it has been accepted that
                   consumption is smooth because permanent income is
                   smoother than measured income. This paper considers
                   the evidence for the contrary position, that
                   permanent income is in fact less smooth than measured
                   income, so that the smoothness of consumption cannot
                   be straightforwardly explained by permanent income
                   theory. The paper argues that in postwar U.S.
                   quarterly data, consumption is smooth because it
                   responds with a lag to changes in income.},
  issn =          {0034-6527},
  url =           {http://www.jstor.org/stable/2297552},
}

@article{hallRandomWalk,
  author =        {Hall, Robert E.},
  journal =       {Journal of Political Economy},
  note =          {Available at
  {\url{http://www.stanford.edu/~rehall/Stochastic-JPE-Dec-1978.pdf}}},
  pages =         {971--87},
  title =         {Stochastic Implications of the Life-Cycle/Permanent
                   Income Hypothesis: Theory and Evidence},
  volume =        {96},
  year =          {1978},
  url =           {http://www.stanford.edu/~rehall/Stochastic-JPE-Dec-
                  1978.pdf},
}

@article{abel:aerhabits,
  author =        {Abel, Andrew B.},
  journal =       {American Economic Review},
  month =         may,
  number =        {2},
  pages =         {38--42},
  title =         {Asset Prices under Habit Formation and Catching Up
                   with the Joneses},
  volume =        {80},
  year =          {1990},
}

@article{constantinidesHabits,
  author =        {George M. Constantinides},
  journal =       {Journal of Political Economy},
  month =         {June},
  number =        {3},
  pages =         {519--543},
  title =         {Habit Formation: A Resolution of the Equity Premium
                   Puzzle},
  volume =        {98},
  year =          {1990},
}

@article{gru04,
  author =        {Gruber, Joseph W.},
  journal =       {Journal of Monetary Economics},
  number =        {7},
  pages =         {1495--1507},
  title =         {A Present Value Test of Habits and the Current
                   Account},
  volume =        {51},
  year =          {2004},
}

@article{hrsHabit,
  author =        {Havranek, Tomas and Rusnak, Marek and Sokolova, Anna},
  journal =       {European Economic Review},
  pages =         {142--167},
  publisher =     {Elsevier},
  title =         {Habit formation in consumption: A meta-analysis},
  volume =        {95},
  year =          {2017},
  doi =           {10.1016/j.euroecorev.2017.03.009},
  url =           {https://doi.org/10.1016/j.euroecorev.2017.03.009},
}

@article{fuhrer:habits,
  author =        {Fuhrer, Jeffrey C.},
  journal =       {American Economic Review},
  month =         {June},
  note =          {\url{http://www.jstor.org/stable/117334}},
  number =        {3},
  pages =         {367--390},
  title =         {Habit Formation in Consumption and its Implications
                   for Monetary Policy Models},
  volume =        {90},
  year =          {2000},
  url =           {http://www.jstor.org/stable/117334},
}

@article{cee:habits,
  author =        {Christiano, Laurence J. and Eichenbaum, Martin and
                   Evans, Charles L.},
  journal =       {Journal of Political Economy},
  month =         {February},
  number =        {1},
  pages =         {1--45},
  title =         {Nominal Rigidities and the Dynamic Effects of a Shock
                   to Monetary Policy},
  volume =        {113},
  year =          {2005},
}

@article{dynanHabits,
  author =        {Dynan, Karen E.},
  journal =       {American Economic Review},
  note =          {\url{http://www.jstor.org/stable/117335}},
  number =        {3},
  title =         {Habit Formation in Consumer Preferences: Evidence
                   from Panel Data},
  volume =        {90},
  year =          {2000},
  url =           {http://www.jstor.org/stable/117335},
}

@article{mrSlumps,
  author =        {Mankiw, N. Gregory and Reis, Ricardo},
  journal =       {Quarterly Journal of Economics},
  month =         {November},
  number =        {4},
  pages =         {1295--1328},
  title =         {Sticky Information Versus Sticky Prices: A Proposal
                   to Replace the New Keynesian Phillips Curve},
  volume =        {117},
  year =          {2002},
}

@article{carroll:epidemicinflQJE,
  author =        {Carroll, Christopher D.},
  journal =       {Quarterly Journal of Economics},
  note =
  {\url{http://econ.jhu.edu/people/ccarroll/epidemiologyQJE.pdf}},
  number =        {1},
  pages =         {269--298},
  title =         {{M}acroeconomic {E}xpectations of {H}ouseholds and
                   {P}rofessional {F}orecasters},
  volume =        {118},
  year =          {2003},
  url =           {http://econ.jhu.edu/people/ccarroll/epidemiologyQJE.pdf},
}

@article{ayNearRational,
  author =        {Akerlof, George A. and Janet L. Yellen},
  journal =       {The Quarterly Journal of Economics},
  number =        {5},
  pages =         {823--38},
  title =         {A Near-rational Model of the Business Cycle, with
                   Wage and Price Intertia},
  volume =        {100},
  year =          {1985},
}

@incollection{cmModel,
  address =       {Cambridge, MA},
  author =        {Campbell, John Y. and Mankiw, N. Gregory},
  booktitle =     {NBER Macroeconomics Annual, 1989},
  editor =        {Blanchard, Olivier J. and Fischer, Stanley},
  note =          {\url{http://www.nber.org/papers/w2924.pdf}},
  pages =         {185--216},
  publisher =     {MIT Press},
  title =         {Consumption, Income, and Interest Rates:
                   Reinterpreting the Time-Series Evidence},
  year =          {1989},
  url =           {http://www.nber.org/papers/w2924.pdf},
}

@book{deatonUnderstandingC,
  address =       {New York},
  author =        {Deaton, Angus S.},
  publisher =     {Oxford University Press},
  title =         {{U}nderstanding {C}onsumption},
  year =          {1992},
}

@article{zeldes:jpe,
  author =        {Zeldes, Stephen P.},
  journal =       {Journal of Political Economy},
  note =          {Available at
                   {\url{http://www.jstor.org/stable/1831315}}},
  pages =         {305--46},
  title =         {Consumption and Liquidity Constraints: An Empirical
                   Investigation},
  volume =        {97},
  year =          {1989},
  url =           {http://www.jstor.org/stable/1831315},
}

@article{simsInattention,
  author =        {Sims, Christopher},
  journal =       {Journal of Monetary Economics},
  note =          {available at
  \url{http://ideas.repec.org/a/eee/moneco/v50y2003i3p665-690.html}},
  number =        {3},
  pages =         {665--690},
  title =         {Implications of Rational Inattention},
  volume =        {50},
  year =          {2003},
}

@article{mackWiedREStud15,
  author =        {Ma\'{c}kowiak, Bartosz and Wiederholt, Mirko},
  journal =       {The Review of Economic Studies},
  number =        {4},
  pages =         {1502--1532},
  title =         {Business Cycle Dynamics under Rational Inattention},
  volume =        {82},
  year =          {2015},
  doi =           {10.1093/restud/rdv027},
  url =           {+ http://dx.doi.org/10.1093/restud/rdv027},
}

@article{ksHetero,
  author =        {Krusell, Per and Smith, Anthony A.},
  journal =       {Journal of Political Economy},
  number =        {5},
  pages =         {867--896},
  title =         {Income and Wealth Heterogeneity in the Macroeconomy},
  volume =        {106},
  year =          {1998},
}

@article{gabaixSparsityQJE,
  author =        {Xavier Gabaix},
  journal =       {The Quarterly Journal of Economics},
  number =        {4},
  pages =         {1661--1710},
  title =         {A Sparsity-Based Model of Bounded Rationality},
  volume =        {129},
  year =          {2014},
  url =           {https://ideas.repec.org/a/oup/qjecon/v129y2014i4p1661-
                  1710.html},
}

@incollection{woodfordImperfect,
  address =       {Princeton},
  author =        {Woodford, Michael},
  booktitle =     {Knowledge, Information and Expectations in Modern
                   Macroeconomics},
  editor =        {Aghion, P. and R. Frydman and J. Stiglitz and
                   M. Woodford},
  publisher =     {Princeton University Press},
  title =         {Imperfect Common Knowledge and the Effects of
                   Monetary Policy},
  year =          {2002},
  abstract =      {This paper reconsiders the Phelps-Lucas hypothesis,
                   according to which temporary real effects of purely
                   nominal disturbances result from imperfect
                   information, but departs from the assumptions of
                   Lucas (1973) in two crucial respects. Due to
                   monopolistically competitive pricing, higher-order
                   expectations are crucial for aggregate inflation
                   dynamics, as argued by Phelps (1983). And
                   decisionmakers' subjective perceptions of current
                   conditions are assumed to be of imperfect precision,
                   owing to finite information processing capacity, as
                   argued by Sims (2001). The model can explain highly
                   persistent real effects of a monetary disturbance,
                   and a delayed effect on inflation, as found in VAR
                   studies.},
  url =           {http://EconPapers.repec.org/RePEc:nbr:nberwo:8673},
}

@article{msInertiaAER,
  author =        {Stephen Morris and Hyun Song Shin},
  journal =       {The American Economic Review},
  number =        {2},
  pages =         {152--157},
  publisher =     {American Economic Association},
  title =         {Inertia of Forward-Looking Expectations},
  volume =        {96},
  year =          {2006},
  issn =          {00028282},
  url =           {http://www.jstor.org/stable/30034632},
}

@article{reis:inattentive,
  author =        {Reis, Ricardo},
  journal =       {Journal of Monetary Economics},
  number =        {8},
  pages =         {1761--1800},
  publisher =     {Elsevier},
  title =         {Inattentive Consumers},
  volume =        {53},
  year =          {2006},
}

@article{reis:inpro,
  author =        {Ricardo Reis},
  journal =       {Review of Economic Studies},
  number =        {3},
  pages =         {793--821},
  title =         {Inattentive Producers},
  volume =        {73},
  year =          {2006},
}

@techreport{fhnMPC,
  author =        {Andreas Fagereng and Martin B. Holm and
                   Gisle J. Natvik},
  institution =   {Statistics Norway},
  type =          {discussion paper},
  title =         {MPC Heterogeneity and Household Balance Sheets},
  volume =        {852},
  year =          {2017},
}

@article{carroll&kimball:concavity,
  author =        {Carroll, Christopher D. and Kimball, Miles S.},
  journal =       {Econometrica},
  note =
  {\url{http://econ.jhu.edu/people/ccarroll/concavity.pdf}},
  number =        {4},
  pages =         {981--992},
  title =         {On the {C}oncavity of the {C}onsumption {F}unction},
  volume =        {64},
  year =          {1996},
  url =           {http://econ.jhu.edu/people/ccarroll/concavity.pdf},
}

@article{chettySzeidl:cCommitmentsEcta,
  author =        {Raj Chetty and Adam Szeidl},
  journal =       {Econometrica},
  month =         {03},
  number =        {},
  pages =         {855--890},
  title =         {Consumption Commitments and Habit Formation},
  volume =        {84},
  year =          {2016},
  url =           {https://ideas.repec.org/a/wly/emetrp/v84y2016ip855-
                  890.html},
}

@article{alvarezGuisoLippi:DurCons,
  author =        {Fernando Alvarez and Luigi Guiso and Francesco Lippi},
  journal =       {American Economic Review},
  month =         {August},
  number =        {5},
  pages =         {2272--2300},
  title =         {Durable Consumption and Asset Management with
                   Transaction and Observation Costs},
  volume =        {102},
  year =          {2012},
  doi =           {},
  url =           {https://ideas.repec.org/a/aea/aecrev/v102y2012i5p2272-
                  2300.html},
}

@article{jpsTax,
  author =        {Johnson, David S. and Parker, Jonathan A. and
                   Souleles, Nicholas S.},
  journal =       {American Economic Review},
  month =         {December},
  number =        {5},
  pages =         {1589--1610},
  title =         {Household Expenditure and the Income Tax Rebates of
                   2001},
  volume =        {96},
  year =          {2006},
  url =           {http://ideas.repec.org/a/aea/aecrev/v96y2006i5p1589-
                  1610.html},
}

@techreport{Kueng:Near-rationality,
  author =        {Lorenz Kueng},
  institution =   {National Bureau of Economic Research},
  month =         {December},
  number =        {21772},
  series =        {working paper series},
  type =          {working paper},
  title =         {Explaining Consumption Excess Sensitivity with
                   Near-Rationality: Evidence from Large Predetermined
                   Payments},
  year =          {2015},
  doi =           {10.3386/w21772},
}

@article{cochrane:nearrational,
  author =        {Cochrane, John H.},
  journal =       {American Economic Review},
  pages =         {319--37},
  title =         {The Sensitivity of Tests of the Intertemporal
                   Allocation of Consumption to Near-Rational
                   Alternatives},
  volume =        {79},
  year =          {1991},
}

@article{browning&crossley:lifecycle,
  author =        {Browning, Martin and Crossley, Thomas F.},
  journal =       {Journal of Economic Perspectives},
  number =        {3},
  pages =         {3--22},
  title =         {The Life-Cycle Model of Consumption and Savings},
  volume =        {15},
  year =          {2001},
}

@article{calvoPrices,
  author =        {Calvo, Guillermo A.},
  journal =       {Journal of Monetary Economics},
  number =        {3},
  pages =         {383--98},
  title =         {Staggered Contracts in a Utility-Maximizing
                   Framework},
  volume =        {12},
  year =          {1983},
}

@article{BrowningColladoAER,
  author =        {Browning, Martin and Collado, M. Dolores},
  journal =       {American Economic Review},
  number =        {3},
  pages =         {681--692},
  title =         {The Response of Expenditures to Anticipated Income
                   Changes: Panel Data Estimates},
  volume =        {91},
  year =          {2001},
}

@article{muthOptimal,
  author =        {Muth, John F.},
  journal =       {Journal of the American Statistical Association},
  number =        {290},
  pages =         {299--306},
  title =         {Optimal Properties of Exponentially Weighted
                   Forecasts},
  volume =        {55},
  year =          {1960},
}

@article{pischkeMicroMacro,
  author =        {Pischke, J{\"o}rn-Steffen},
  journal =       {Econometrica},
  number =        {4},
  pages =         {805--40},
  title =         {Individual Income, Incomplete Information, and
                   Aggregate Consumption},
  volume =        {63},
  year =          {1995},
}

@article{lucas:imperfectInfo,
  author =        {Lucas, Robert E.},
  journal =       {American Economic Review},
  month =         {June},
  pages =         {326--334},
  title =         {Some International Evidence on Output-Inflation
                   Tradeoffs},
  volume =        {63},
  year =          {1973},
}

@article{coibGor:AER15,
  author =        {Olivier Coibion and Yuriy Gorodnichenko},
  journal =       {American Economic Review},
  month =         {August},
  number =        {8},
  pages =         {2644--2678},
  title =         {{Information Rigidity and the Expectations Formation
                   Process: A Simple Framework and New Facts}},
  volume =        {105},
  year =          {2015},
  doi =           {},
}

@article{fuhrer:JME17,
  author =        {Jeffrey C. Fuhrer},
  journal =       {Journal of Monetary Economics},
  month =         {April},
  pages =         {22--55},
  title =         {Expectations as a Source of Macroeconomic
                   Persistence: Evidence from Survey Expectations in a
                   Dynamic Macro Model},
  volume =        {86},
  year =          {2017},
  doi =           {},
}

@techreport{fuhrer:IntrinsicPersistence,
  author =        {Jeffrey C. Fuhrer},
  institution =   {Federal Reserve Bank of Boston},
  type =          {Presentation at {NBER Summer Institute}},
  title =         {Intrinsic Persistence in Expectations: Evidence from
                   Micro Data},
  year =          {2017},
}

@article{blanchardFinite,
  author =        {Blanchard, Olivier J.},
  journal =       {Journal of Political Economy},
  month =         {April},
  number =        {2},
  pages =         {223--247},
  title =         {Debt, Deficits, and Finite Horizons},
  volume =        {93},
  year =          {1985},
}

@article{edge2007Learning,
  author =        {Edge, Rochelle M and Laubach, Thomas and
                   Williams, John C},
  journal =       {Journal of Monetary Economics},
  number =        {8},
  pages =         {2421--2438},
  publisher =     {Elsevier},
  title =         {Learning and shifts in long-run productivity growth},
  volume =        {54},
  year =          {2007},
}

@article{jorgenson:ProductivityGrowthResurgence,
  author =        {Dale W. Jorgenson and Mun S. Ho and Kevin J. Stiroh},
  journal =       {Journal of Economic Perspectives},
  month =         {Winter},
  number =        {1},
  pages =         {3--24},
  title =         {A Retrospective Look at the U.S. Productivity Growth
                   Resurgence},
  volume =        {22},
  year =          {2008},
  doi =           {},
}

@article{zeldesStochastic,
  author =        {Zeldes, Stephen P.},
  journal =       {Quarterly Journal of Economics},
  month =         {May},
  number =        {2},
  pages =         {275--298},
  title =         {Optimal Consumption with Stochastic Income:
                   {D}eviations from Certainty Equivalence},
  volume =        {104},
  year =          {1989},
}

@techreport{BufferStockTheory,
  author =        {Christopher D. Carroll},
  institution =   {Department of Economics, Johns Hopkins University},
  journal =       {Manuscript, Department of Economics, Johns Hopkins
                   University},
  note =          {Available at
  \url{http://econ.jhu.edu/people/ccarroll/papers/BufferStockTheory}},
  type =          {manuscript},
  title =         {Theoretical Foundations of Buffer Stock Saving},
  year =          {2016},
  url =           {http://econ.jhu.edu/people/ccarroll/papers/
                  BufferStockTheory.pdf},
}

@article{cstwMPC,
  author =        {Christopher D. Carroll and Jiri Slacalek and
                   Kiichi Tokuoka and Matthew N. White},
  journal =       {Quantitative Economics},
  note =          {At
  \url{http://econ.jhu.edu/people/ccarroll/papers/cstwMPC}},
  pages =         {977-1020},
  title =         {The Distribution of Wealth and the Marginal
                   Propensity to Consume},
  volume =        {8},
  year =          {2017},
  doi =           {10.3982/QE694},
  url =           {http://onlinelibrary.wiley.com/doi/10.3982/QE694/pdf},
}

@article{jermannProduction,
  author =        {Jermann, Urban J.},
  journal =       {Journal of Monetary Economics},
  month =         {April},
  number =        {2},
  pages =         {257--75},
  title =         {Asset Pricing in Production Economies},
  volume =        {42},
  year =          {1998},
}

@article{bcfHabits,
  author =        {Michele Boldrin and Lawrence J. Christiano and
                   Jonas D. Fisher},
  journal =       {American Economic Review},
  number =        {1},
  pages =         {149--66},
  title =         {Habit Persistence, Asset Returns and the Business
                   Cycle},
  volume =        {91},
  year =          {2001},
}

@techreport{ckmCritique,
  author =        {V. V. Chari and Patrick J. Kehoe and
                   Ellen R. McGrattan},
  institution =   {Federal Reserve Bank of Minneapolis},
  number =        {631},
  type =          {working paper},
  title =         {A Critique of Structural VARs Using Real Business
                   Cycle Theory},
  year =          {2005},
}

@incollection{sswNAIRU,
  address =       {New York},
  author =        {Staiger, Douglas and James H. Stock and
                   Mark W. Watson},
  booktitle =     {The Roaring Nineties: Can Full Employment Be
                   Sustained?},
  editor =        {Alan B. Krueger and Robert Solow},
  publisher =     {The Russell Sage Foundation and Century Press},
  title =         {Prices Wages and the US NAIRU in the 1990s},
  year =          {2001},
}

@article{fernald:disappointingRecovery,
  author =        {John G. Fernald and Robert Hall and James Stock and
                   Mark Watson},
  journal =       {Brookings Papers on Economic Activity},
  title =         {The Disappointing Recovery of Output after 2009},
  volume =        {Spring},
  year =          {2017},
  doi =           {},
}

@article{cstKS,
  author =        {Carroll, Christopher D and Slacalek, Jiri and
                   Tokuoka, Kiichi},
  journal =       {Economics Letters},
  note =          {At
                       \url{http://econ.jhu.edu/people/ccarroll/papers/cstKS/};
  extended version available as ECB Working Paper number 1633,
  \url{https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1633.pdf}},
  pages =         {97--100},
  publisher =     {Elsevier},
  title =         {Buffer-Stock Saving in a Krusell--Smith World},
  volume =        {132},
  year =          {2015},
  doi =           {doi:10.1016/j.econlet.2015.04.021},
  url =           {http://econ.jhu.edu/people/ccarroll/papers/cstKS/},
}

@article{carroll&samwick:nature,
  author =        {Carroll, Christopher D. and Samwick, Andrew A.},
  journal =       {Journal of Monetary Economics},
  number =        {1},
  pages =         {41--71},
  title =         {The {N}ature of {P}recautionary {W}ealth},
  volume =        {40},
  year =          {1997},
  url =           {http://econ.jhu.edu/people/ccarroll/papers/nature.pdf},
}

@article{sty:consumption,
  author =        {Storesletten, Kjetil and Telmer, Chris I. and
                   Yaron, Amir},
  journal =       {Journal of Monetary Economics},
  month =         {Apr},
  number =        {3},
  pages =         {609--633},
  title =         {Consumption and Risk Sharing Over the Life Cycle},
  volume =        {51},
  year =          {2004},
  biburl =        {http://www.bibsonomy.org/bibtex/
                  2eec5eb26c6514db248ef7956537b8aaa/smicha},
  url =           {http://www.sciencedirect.com/science/article/B6VBW-4BWMTRW-
                  2/1/4934de112177c84dc55a3f37dbde0e16},
}

@article{lmp:wagerisk,
  author =        {Low, Hamish and Meghir, Costas and Pistaferri, Luigi},
  journal =       {American Economic Review},
  number =        {4},
  pages =         {1432--1467},
  title =         {Wage Risk and Employment Over the Life Cycle},
  volume =        {100},
  year =          {2010},
}

@article{nv:risk,
  author =        {Nielsen, Helena~Skyt and Vissing-Jorgensen, Annette},
  journal =       {Manuscript},
  title =         {The Impact of Labor Income Risk on Educational
                   Choices: Estimates and Implied Risk Aversion},
  year =          {2006},
}

@article{som07,
  author =        {Martin Sommer},
  journal =       {Advances in Macroeconomics},
  number =        {1},
  pages =         {Article 21},
  title =         {Habit Formation and Aggregate Consumption Dynamics},
  volume =        {7},
  year =          {2007},
}

@article{weber:ruleofthumb,
  author =        {Weber, Christian E.},
  journal =       {Journal of Monetary Economics},
  pages =         {293--308},
  title =         {Intertemporal Non-Separability and `Rule-Of-Thumb'
                   Consumption},
  volume =        {49},
  year =          {2002},
}

@article{cssIntlStickyC,
  author =        {Carroll, Christopher D. and Sommer, Martin and
                   Slacalek, Jiri},
  journal =       {Review of Economics and Statistics},
  month =         {October},
  note =
  {\url{http://econ.jhu.edu/people/ccarroll/papers/cssIntlStickyC/}},
  number =        {4},
  pages =         {1135--1145},
  title =         {International Evidence on Sticky Consumption Growth},
  volume =        {93},
  year =          {2011},
  abstract =      {This paper estimates the degree of stickiness in
                   aggregate consumption growth (sometimes interpreted
                   as reflecting consumption habits) for thirteen
                   advanced economies. We find that after controlling
                   for measurement error, consumption growth has a high
                   degree of autocorrelation, with a stickiness
                   parameter of about 0.7 on average across countries.
                   The sticky consumption growth model outperforms the
                   random walk model of Hall (1978) and typically fits
                   the data better than the popular Mankiw (1989) model,
                   though in a few countries, the sticky consumption
                   growth and Campbell-Mankiw models work about equally
                   well.},
  doi =           {10.1162/REST\_a\_00122},
  url =           {https://doi.org/10.1162/REST_a_00122},
}

@article{wilcox:aer,
  author =        {Wilcox, David W.},
  journal =       {American Economic Review},
  number =        {4},
  pages =         {922--941},
  title =         {The Construction of U.S. Consumption Data: Some Facts
                   and Their Implications for Empirical Work},
  volume =        {82},
  year =          {1992},
}

@article{workingTimeAgg,
  author =        {Holbrook Working},
  journal =       {Econometrica},
  number =        {4},
  pages =         {916--918},
  title =         {Note on the Correlation of First Differences of
                   Averages in a Random Chain},
  volume =        {28},
  year =          {1960},
}

@article{cfwSentiment,
  author =        {Carroll, Christopher D. and Fuhrer, Jeffrey C. and
                   Wilcox, David W.},
  journal =       {American Economic Review},
  note =
  {\url{http://econ.jhu.edu/people/ccarroll/SentAERCarrollFuhrerWilcox.pdf}},
  number =        {5},
  pages =         {1397-1408},
  title =         {Does Consumer Sentiment Forecast Household Spending?
                   {I}f So, Why?},
  volume =        {84},
  year =          {1994},
  url =           {http://econ.jhu.edu/people/ccarroll/
                  SentAERCarrollFuhrerWilcox.pdf},
}

@book{friedmanATheory,
  author =        {Friedman, Milton A.},
  publisher =     {Princeton University Press},
  title =         {A Theory of the Consumption Function},
  year =          {1957},
}

@misc{kmpIncomeExpectations,
  author =        {Karahan, Fatih and Sean Mihaljevich and
                   Laura Pilossoph},
  howpublished =
  {\href{http://libertystreeteconomics.newyorkfed.org/2017/11/understanding-permanent-and-temporary-income-shocks.html}{URL
  link retrieved on 03/02/2018 \texttt{here}.}},
  journal =       {Liberty Street Economics},
  number =        {November 08},
  type =          {Blog},
  title =         {Understanding Permanent and Temporary Income Shocks},
  year =          {2017},
}

@article{bbdUncertainty,
  author =        {Baker, Scott R and Bloom, Nicholas and
                   Davis, Steven J},
  journal =       {The Quarterly Journal of Economics},
  number =        {4},
  pages =         {1593--1636},
  publisher =     {Oxford University Press},
  title =         {Measuring economic policy uncertainty},
  volume =        {131},
  year =          {2016},
}

