Author: Stephen Kirk ElwoodPublisher:
ISBN:
Category :
Languages : en
Pages : 308
Book Description
Income Decomposition and the Permanent Income Hypothesis
Author: Stephen Kirk ElwoodPermanent Income, Wealth, and Consumption
Author: Thomas MayerPublisher: Univ of California Press
ISBN: 0520337166
Category : Business & Economics
Languages : en
Pages : 432
Book Description
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1972.
An Investigation of Milton Friedman's Permanent Income Hypothesis
Author: Malcolm Murray JonesSuperior information, income shocks and the permanent income hypothesis
Author: Luigi PistaferriPublisher:
ISBN:
Category : Economics
Languages : en
Pages : 31
Book Description
Hierarchical Decomposition in Economic Analysis
Author: Luigi ErminiPublisher:
ISBN:
Category : Decomposition (Mathematics)
Languages : en
Pages : 226
Book Description
Partial Adjustment and the Permanent Income Hypothesis
Author: Clifford L. F. AttfieldPublisher:
ISBN:
Category : Economics
Languages : en
Pages :
Book Description
Testing the Cross-section Implications of Friedman's Permanent Income Hypothesis
Author: Joseph P. DeJuanPermanent Income Hypothesis
Author: Truman Fassett BewleyPublisher:
ISBN:
Category : Permanent income theory
Languages : en
Pages : 144
Book Description
This paper defends the view that in dealing with a consumer's reponse to short-term changes, it is reasonable to assume that the marginal utility of money is constant. A theoretical defense of this view is made in terms of the consumer's intertemporal maximization problem. It is assumed that the consumer may hold money, but may not borrow. The consumer's utility function is assumed to be additively separable with respect to time. Prices, the consumer's income, and his utility function for each period are assumed to fluctuate according to a stationary stochastic process. It is proved that if the time horizon of the consumer's problem is sufficiently distant, if his discount rate for future utility is sufficiently small, and if he has a sufficient quantity of money, then the marginal utility of money is nearly independent of current prices and income and is nearly constant over time. The proof of these facts is based on economic common sense and the strong law of large numbers for stationary processes. (Author).
The Permanent Income Hypothesis when the Bliss Point is Stochastic
Author: James M. NasonPublisher: Department of Economics, University of British Columbia
ISBN:
Category : Permanent income theory
Languages : en
Pages : 68
Book Description
Imperfect Information and the Permanent Income Hypothesis
Author: Abhijit V. BanerjeePublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 54
Book Description