Intertemporal consumption, durables and liquidity constraints: A cohort analysis
European Economic Review
Volume 41, Issue 1, January 1997, Pages 37-59
Rob Alessie, Michael P. Devereux and Guglielmo Weber


Optimal monetary policy with durable consumption goods
Journal of Monetary Economics
Volume 53, Issue 7, October 2006, Pages 1341-1359
Christopher Erceg and Andrew Levin