Liquidity Considerations in the Theory of Consumption
- 1 May 1978
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 92 (2) , 279-296
- https://doi.org/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.Keywords
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