11A fascinating study that does not fit neatly into the scheme of the rest of the literature is Johnson et al. [2006], who show that spending in the U.S. responded strongly to the random idiosyncratic variation in the timing of tax refunds. Their results might possibly be consistent with a model in which households can see the contents of their bank accounts but do not pay attention to tax policy, which has the flavor of the model proposed here. Similarly, Kueng [2015] argues that excess sensitivity of consumption is consistent with households following near-rational plans and that to model macroeconomic policies, such as economic stimulus programs, near-rational alternatives can perform better than standard consumption models.