Consumption-based macroeconomic forecasting

The authors build a small-scale econometric model based on the permanent income theory of consumption and balanced economic growth in order to study the influence of permanent and transitory factors on the level of economic activity.

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Year of publication:	2005
Authors:	Campbell, Jeffrey R. ; Krane, Spencer
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2005, Q IV, v. 29, no. 4, p. 52-70
Publisher:	Federal Reserve Bank of Chicago
Subject:	Macroeconomics \| Consumption (Economics)

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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