state is always unique although the consumption function is concave. -- Marginal propensity to consume ; income distribution … ; growth ; concave consumption function …

wealth effects in the consumption function has come to the fore strongly in recent years. This is partly a consequence of the … which could justify inclusion of wealth in a consumption function, and implications of its disaggregation; the section also … degree of convergence, which depending on the coefficients in the consumption function could also imply a convergence of …