NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Consumption Smoothing and Portfolio Rebalancing: The Effects of Adjustment Costs

Yosef Bonaparte, Russell Cooper, Guozhong Zhu

NBER Working Paper No. 16957
Issued in April 2011

---- Acknowledgements -----

We are grateful to the National Science Foundation for supporting this research. We thank the Federal Reserve Bank of Dallas for hosting us during the final stages of this project. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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