Search Results - subject_exact:"Aggregate consumption function"

Narrow search

A DSGE consumption function in a CGE model : parameter estimation by CGE simulation

Dixon, Peter B.; Rimmer, Maureen T. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015117001

Covid-19 and the return of the 3-Star consumption functions in the US

Tchanturia, Mariam; Laxton, Jared; Laxton, Douglas; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014538793

The Consumption Function in Economics : History, Method and Policy Implications

Drakopulos, Stauros A. - 2026

1. Introduction -- 2. Ideas on Consumption Before Keynes -- 3. J. M. Keynes and the Role of Consumption -- 4. Post-War Empirical Studies -- 5. James Duesenberry and the Relative Income Hypothesis -- 6. Neoclassical Alternatives to Keynes and Duesenberry -- 7. The Emergence of the Neoclassical...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651992

Estimation of consumption functions using savings motive hypothesis (SMH)

Alani, Jimmy - 2022

In this paper a new consumption function is derived based on savings motive hypothesis (SMH). The major theory behind the SMH is that households save part of their income in period 1 and transfer it to period 2. Implying that consumption in period 1 is the addition of autonomous consumption and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013382408

Approximation Bias in Linearized Euler Equations

Paxson, Christina H.; Ludvigson, Sydney C. - 2021

A wide range of empirical applications rely on linear approximations to dynamic Euler equations. Among the most notable of these is the large and growing literature on precautionary saving that examines how consumption growth and saving behavior are affected by uncertainty and prudence. Linear...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013245738

Instrument relevance in multivariate linear models : a simple measure

Shea, John - 1996

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10000945187

Show 2 more versions 2

Instrument Relevance in Multivariate Linear Models : A Simple Measure

Shea, John - 2021

Book / Working Paper

Instrument Relevance in Multivariate Linear Models : A Simple Measure

Shea, John - 1996

Book / Working Paper

Consumption, habit persistence, imperfect information and the lifetime budget constraint

Willman, Alpo - 2003

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001784694

Show 2 more versions 2

Consumption, Habit Persistence, Imperfect Information and the Lifetime Budget Constraint

Willman, Alpo - 2021

Book / Working Paper

Consumption, habit persistence, imperfect information and the lifetime budget constraint

Willman, Alpo - 2003

Book / Working Paper

"Risky habits" and the marginal propensity to consume out of permanent income, or, how much would a permanent tax cut boost Japanese consumption?

Carroll, Chris - 2000

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001539978

Show 3 more versions 3

"Risky habits" and the marginal propensity to consume out of permanent income, or, how much would a permanent tax cut boost Japanese consumption?

Carroll, Chris - 2000

Book / Working Paper

'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?

Carroll, Chris - 2021

Book / Working Paper

'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?

Carroll, Chris - 2000

Book / Working Paper

A Theory of the Consumption Function, with and Without Liquidity Constraints (Expanded Version)

Carroll, Christopher D. - 2021

This paper argues that the modern stochastic consumption model, in which impatient consumers face uninsurable labor income risk, matches Milton Friedman's (1957) original description of the Permanent Income Hypothesis much better than the perfect foresight or certainty equivalent models did. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013225387

Show one more version 1

A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version)

Carroll, Christopher D. - 2001

Book / Working Paper

Liquidity Constraints and Precautionary Saving

Carroll, Chris; Kimball, Miles S. - 2021

Economists working with numerical solutions to the optimal consumption/saving problem under uncertainty have long known that there are quantitatively important interactions between liquidity constraints and precautionary saving behavior. This paper provides the analytical basis for those...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013238937

Show one more version 1

Liquidity Constraints and Precautionary Saving

Carroll, Christopher D. - 2001

Book / Working Paper

Doves for the rich, hawks for the poor? : distributional consequences of systematic monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2021

We build a New Keynesian business-cycle model with rich household heterogeneity. In the model, systematic monetary stabilization policy affects the distribution of income, income risks, and the demand for funds and supply of assets: the demand, because matching frictions render idiosyncratic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012511775

Developing a DSGE consumption function for a CGE model

Dixon, Peter B.; Rimmer, Maureen R. - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012429239

Modelling wealth effect in consumption function based on System of National Acounts (SNA) data

Jovanović, Ivana - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012238504

On the concavity of consumption function under habit formation

Liu, Haoyu; Li, Lun - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014305938

La funzione aggregata del consumo : teoria e analisi empirica nell'opera di Fernando di Fenizio

Bagliano, Fabio C. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014473177

Myopia, liquidity constraints and private consumption : the case of Cote d'Ivoire

Keho, Yaya - 2019

In this paper, we estimate the behavior of private consumption in Cote d’Ivoire under the permanent income hypothesis using annual data for the period 1970–2016. The first objective is to test the validity of the permanent income hypothesis in Cote d’Ivoire. Our second concern is to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012023944

The consumption Euler equation or the Keynesian consumption function?

Boug, Pål; Cappelen, Ådne; Jansen, Eilev S.; Swensen, … - 2019

We formulate a general cointegrated vector autoregressive (CVAR) model that nests both a class of consumption Euler equations and various Keynesian type consumption functions. Using likelihoodbased methods and Norwegian data, we find support for cointegration between consumption, income and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012005478

The Consumption Function - Re-Modelled Using Logarithmic Regression

Bandla, Praveen - 2019

The conventional linear consumption function was compared to a proposed logarithmic consumption function using collected data as the basis for studying the accuracy of each function. To kick things off, the current linear model was studied in full to lay the groundwork for sound comparison....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014104707

Macro Consumption Function in an Islamic Framework

Khan, Fahim - 2018

Consumer behaviour, i.e., how the consumers allocate their income between different heads and how they decide how much to consume now and how much to save for future is a key topic in modern economic theory. The study of consumer behaviour bears implications for macro economic policies. Many...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012928277

Show one more version 1

Macro Consumption Function in an Islamic Framework

Khan, Fahim - 2018

Book / Working Paper

Macro Consumption Function in an Islamic Framework

Hasan, Zubair - 2018

In his article "Macro Consumption Function in an Islamic Framework" Professor M. Fahim Khan has demonstrated that consumption in an Islamic economy is likely to he lower and savings larger than if the same economy were operating on a secular basis. He, therefore, finds no room for the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012928653

Nigeria Consumption Function – An Empirical Test of the Permanent Income Hypothesis

Kelikume, Ikechukwu - 2017

Consumption plays a significant role in determining the size of the multiplier and the dynamic effects of the economy shock. It also constitutes the largest component of the aggregate expenditure of an economy. As a result, economists have propounded theories in a bid to explain the determinants...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012955348

Doves for the rich, hawks for the poor? : distributional consequences of monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2016

We build a New Keynesian business-cycle model with rich household heterogeneity. A central feature is that matching frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of households prefer substantial stabilization of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011563007

Show 3 more versions 3

Doves for the rich, hawks for the poor? : distributional consequences of monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2016

Book / Working Paper

Doves for the rich, hawks for the poor? : distributional consequences of monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2016

Book / Working Paper

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy

Gornemann, Nils - 2017

Book / Working Paper

A time series analysis of aggregate consumption function for Pakistan

Ul Islam, Tanweer; Zafar, Zakia - 2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012284661

The US consumption function : a new perspective

Foster, John - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012621949

The optimal Austrian business cycle theory

Salter, Alexander William; Luther, William J. - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011563909

Show 2 more versions 2

The Optimal Austrian Business Cycle Theory

Salter, Alexander W.; Luther, William J. - 2016

Article

The Optimal Austrian Business Cycle Theory

Salter, Alexander William - 2016

Book / Working Paper

Estimation of private consumption function of Iran : autoregressive distributed lag approach to co-integration

Nikbin, Behnam; Panahi, Saman - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011697227

Macroeconomics and consumption

Muellbauer, John - 2016

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011571364

Show 2 more versions 2

Macroeconomics and consumption

Muellbauer, John - 2016

Book / Working Paper

Macroeconomics and consumption

Muellbauer, John - 2016

Book / Working Paper

Does income inequality affect aggregate consumption? : revisiting the evidence

Crespo Cuaresma, Jesús; Kubala, Jozef; Petrikova, Kristina - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011949960

Show one more version 1

Does income inequality affect aggregate consumption : revisiting the evidence

Crespo Cuaresma, Jesús; Kubala, Jozef; Petrikova, Kristina - 2016

Book / Working Paper

Estimating the household consumption function in Saudi Arabia : an error correction approach

Al Gahtani, Goblan; Bollino, Carlo Andrea; Bigerna, Simona - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012197526

Testing for Money Illusion Hypothesis in Aggregate Consumption Function : Mixed Data Sampling Approach

Motegi, Kaiji - 2015

Testing for the money illusion hypothesis in aggregate consumption function generally involves a regression model that projects real consumption onto nominal disposable income and a consumer price index. Price data are usually available at a monthly level, but consumption and income data are...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013013202

It’s Not All Fiscal: Effects of Income, Fiscal Policy, and Wealth on Private Consumption

Jaramillo Echeverri, Laura - 2015

We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to 2012, using an error correction specification. We find a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012418219

Show one more version 1

It's Not All Fiscal : Effects of Income, Fiscal Policy, and Wealth on Private Consumption

Jaramillo Echeverri, Laura - 2015

Book / Working Paper

Fiscal policy under long-run stagnation : a new interpretation of the multiplier effect

Murota, Ryu-ichiro; Ono, Yoshiyasu - 2015

We develop a Keynesian cross analysis with a dynamic optimization setting that explains long-run stagnation caused by aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the implication is quite different from the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010519974

Modeling real private consumption expenditure in Bulgaria after the currency board implementation : (1997 - 2005)

Vasilev, Aleksandar - 2015

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011285389

Show 2 more versions 2

Modeling real private consumption expenditure in Bulgaria after the currency board implementation (1997-2005)

Vasilev, Aleksandar - 2015

Book / Working Paper

Modeling real private consumption expenditure in Bulgaria after the currency board implementation (1997-2005)

Vasilev, Aleksandar - 2015

Book / Working Paper

Credit, Bankruptcy, and Aggregate Fluctuations

Nakajima, Makoto - 2014

We ask two questions related to how access to credit affects the nature of business cycles. First, does the standard theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and countercyclicality of bankruptcy filings found in U.S. data?...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013045963

Show 3 more versions 3

Credit, Bankruptcy, and Aggregate Fluctuations

Nakajima, Makoto - 2014

Book / Working Paper

Credit, Bankruptcy, and Aggregate Fluctuations

Nakajima, Makoto - 2014

Book / Working Paper

Credit, Bankruptcy, and Aggregate Fluctuations

Nakajima, Makoto - 2014

Book / Working Paper

The Private Consumption Function in Saudi Arabia

Ibrahim, M. - 2014

This paper empirically estimates the critical parameters of private consumption function in Saudi Arabia for the period 1986-2008 by using dynamic ordinary least squares (DOLS) approach of Stock and Watson (1993). The analysis is based on time series from 1986 to 2008. Time series properties of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013052424

An approximate consumption function

Padula, Mario - 2010

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003966445

Show 2 more versions 2

An approximate consumption function

Padula, Mario - 2008

Book / Working Paper

An Approximate Consumption Function

Padula, Mario - 2014

Book / Working Paper

The Czech housing market through the lens of a DSGE model containing collateral-constrained households

Tonner, Jaromír; Bru°ha, Jan - 2014

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010506984

Credit, bankruptcy, and aggregate fluctuations

Nakajima, Makoto; Ríos-Rull, José-Víctor - 2014

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010503055

Show one more version 1

Credit, bankruptcy, and aggregate fluctuations

Nakajima, Makoto; Ríos-Rull, José-Víctor - 2014

Book / Working Paper

Of the Impossibility to Estimate the Marginal Propensity to Consume Because the Aggregate Consumption Function Is an Accounting Semi Identity

Sánchez Vidal, Javier - 2019

The coefficients of a model estimated with a linear regression fail to represent a causal relation when this model is part of an accounting (semi) identity, because the coefficient is constrained to fulfill this identity. The aggregate consumption function suffers from this problem and its...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012888691

Testing Hicksian separability over space

Gibson, John; Kim, Bonggeun - 2013

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009744112

Does income inequality increase marginal propensity to consume?

Rhee, Dong-Eun; Kim, Hyoungjong - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012134938

The wealth effect in empirical life-cycle aggregate consumption equations

Mehra, Yash Pal - 2001

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10001610116

Show one more version 1

The Wealth Effect in Empirical Life-Cycle Aggregate Consumption Equations

Mehra, Yash Pal - 2012

Book / Working Paper

Gênero e consumo no espaço doméstico : representações na mídia durante o século XX na Argentina e no Brasil

2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011823026

International remittances : a proposal how to test hypotheses about determinants of remittances with macroeconomic time series

Andersson, Fredrik N. G.; Karpestam, Peter - 2011

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10008807373

Per capita consumption function for China : an empirical exercise

Yang, Wang - 2011

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009576154

Concave consumption function and precautionary wealth accumulation

Suen, Richard M. H. - 2011

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10009380505

Wealth effects on consumption in financial crises : the case of Norway

Jansen, Eilve S. - 2010

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10003960454

A Reinterpretation of the Keynesian Consumption Function and Multiplier Effect

Murota, Ryu-ichiro - 2010

We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic optimization model that explains a shortage of aggregate demand and unemployment. We show that government purchases boost aggregate demand through a multiplier-like process but...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013142452

Inequality and aggregate savings in the neoclassical growth model

Foellmi, Reto - 2010

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality when the rich have a higher marginal savings rate than the poor. More unequal societies grow faster in the transition process, and therefore exhibit a higher speed of convergence....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10008760471

Show 4 more versions 4

Inequality and aggregate savings in the neoclassical growth model

Foellmi, Reto - 2009

Book / Working Paper

Inequality and aggregate savings in the neoclassical growth model

Foellmi, Reto - 2009

Book / Working Paper

Inequality and aggregate savings in the neoclassical growth model

Foellmi, Reto - 2008

Book / Working Paper

Inequality and Aggregate Savings in the Neoclassical Growth Model

Foellmi, Reto - 2010

Book / Working Paper

A Theory Of The Consumption Function

Friedman, Milton - 2016

TABLE OF CONTENTS -- DEDICATION -- PREFACE -- LIST OF TABLES -- LIST OF FIGURES -- CHAPTER I-Introduction -- CHAPTER II-The Implications of the Pure Theory of Consumer Behavior -- 1. Complete Certainty -- 2. The Effect of Uncertainty -- a. THE INDIFFERENCE CURVE DIAGRAM -- b. MOTIVES FOR HOLDING...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012682694

Show 3 more versions 3

A theory of the consumption function

Friedman, Milton - 2008 - First paperback printing

Edition: First paperback printing

Book / Working Paper

A theory of the consumption function

Friedman, Milton - 1957

Book / Working Paper

A theory of the consumption function

Friedman, Milton - 1957

Book / Working Paper