Search Results - subject:"Consumption function"

Income Distribution and the Estimation of the Consumption Function: A Historical Analysis of the Early Arguments

Thomas, J. J. - In: History of Political Economy 24 (1992) 1, pp. 153-181

Persistent link: https://www.econbiz.de/10010582926

Habits, Rationality and Myopia in the Life-Cycle Consumption Function

Muellbauer, John - C.E.P.R. Discussion Papers - 1986

This paper investigates the role of habits in the consumption function. Two types of habits are considered: rational … two types of habitual behaviour yield representations of the aggregate consumption function which are in principle … observationally distinct. We estimate the Euler-equation form of the consumption function for quarterly United States data over the …

Persistent link: https://www.econbiz.de/10005656208

The Estimation of 'Surprise' Models and the 'Surprise' Consumption Function

Bean, Charles R - C.E.P.R. Discussion Papers - 1985

In the first part of the paper we outline a method for estimating a class of models in which news or surprises appear and expectations are formed rationally. The method is an extension of the errors-in-variables method of McCallum and Wickens. As a by-product some of Pagan's results on the...

Persistent link: https://www.econbiz.de/10005281338