NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Adaptive Consumption Behavior

Peter Howitt, Ömer Özak

NBER Working Paper No. 15427
Issued in October 2009

---- Acknowledgements -----

We would like to thank participants at Brown University’s theory and macroeconomics seminars, participants at the Econometric Society’s LAMES 2008 and NASM 2009 meetings, and especially Kfir Eliaz, Glenn Loury, and David Weil for helpful comments and discussion. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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