1MoniqueC E. Why are Asset Returns More Volatile During Reces-sions? A Theoretical Explanation[J].Econometric Review, 2000,(9).
2Bemanke,MarkG . Monetary Policy and Asset Price Volatility, NewChallenge for Monetary Policy, A Symposium Sponsored By The Fed-eral Reserve Bank of Kansas City. [J], Jackson Hole,Wyoming,2001,(8).
5Caballero, R, J. Earnings Uncertainty and Aggregate Wealth Accumulation[J]. The America Economic Review, 1991, Vol. 81, No. 4:859-871.
6Carroll, C, D. Hall, R, E. , Zeldes, S, P. The Buffer - Stock Theory of Saving: Some blacroeconomic Evidence [ J ]. Brookings Papers on Economic Activity, 1992,Vol. 1992, No. 2 : 61 - 156.
7Guiso, L. , Jappelli, T. , Terlizzese, D. Earnings Uncertainty and Precautionary Saving [J]. Journal of Monetary Economies, 1992a, 30 : 307 - 337.
8Guiso, L. , Jappelli, T. , Terlizzese, D. Saving and Capital Market Imperfections: The Italian Experience [J]. The Scandinavian Journal of Economics, 1992b,Vol. 94, No. 2:197 -213.
9Leland, H. E. Saving and Uncertainty : the Precautionary Demand for Saving[ J]. Quarterly Journal of Economics, 1968, vol. 82 : 465 - 473.
10Merrigan, P. , Normandin, M. Precautionary Saving Motives : An Assessment from UK Time Series of Cross - Sections[ J]. The Economic Journal, 1996,Vol. 106, No. 438:1193-1208.
