Consumption Continued
Readings
Consumption and Investment in Stiglitz, Principles of Macroeconomics (p. 250-259)
The Mysterious Disappearance of James Duesenberry by Robert Frank, NYT.
The paradox of thrift — for real by Paul Krugman, NYT
BEA Handbook, Ch. 5 pages 5-1 to 5-10.
Optional
Why Can’t We Shake the Gloom? by Claudia Sahm, Stay at Home Macro
Wait - did we really need to raise rates? NPR Planet money 9/14/23
Emmanuel Saez , Gabriel Zucman, Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data , The Quarterly Journal of Economics, Volume 131, Issue 2, May 2016, Pages 519–578