Byrne, Joseph P. (contributor); Davis, E. Philip (contributor) - 2001 - [Elektronische Ressource]
DISAGGREGATE WEALTH AND AGGREGATE
CONSUMPTION: AN INVESTIGATION OF EMPIRICAL
RELATIONSHIPS FOR THE G7
Joseph Byrne
N …
specification for aggregate consumption where the long-run relationship between consumption,
income and wealth is estimated within … Modigliani (1963) as derived in Deaton (1992). Planned aggregate consumption (
*
t
C ) is a
function of total resources. Total …