Author: J Muellbauer
Publisher:
ISBN:
Category :
Languages : en
Pages : 53
Book Description
Liquidity Constraints and Aggregation in the Consumption Function Under Uncertainty
Liquidity Restraints and Aggregation in the Consumption Function Under Uncertainty
Liquidity Coinstraints and Aggregation in the Consumption Function Under Uncertainty
Author: John Muellbauer
Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 54
Book Description
Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 54
Book Description
Essays on Liquidity Constraints, Aggregation, and the Permanent-income Hypothesis
Liquidity Constraints and Aggregation in the Consumption Function Under Uncertainity
Author: John Muellbauer
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 54
Book Description
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 54
Book Description
Consumption, Rational Expectations and Liquidity
Author: Alan E. H. Speight
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
Aggregate Implications of Liquidity Constraints
Author: Ayşe Ökten İmrohorog︣lu
Publisher:
ISBN:
Category :
Languages : en
Pages : 196
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 196
Book Description
Economic Modelling at the Bank of England
Author: G. B. Henry
Publisher: Springer Science & Business Media
ISBN: 9400904193
Category : Science
Languages : en
Pages : 277
Book Description
J. S. FLEMMING The Bank of England's role as a leading central bank involves both formal and informal aspects. At a formal level it is an adviser to HM Government, whilst at an informal level it is consulted by domestic and overseas institutions for advice on many areas of economic interest. Such advice must be grounded in an understanding of the workings of the domestic and international economy-a task which becomes ever more difficult with the pace of change both in the economy and in the techniques which are used by professional economists to analyse such changes. The Bank's economists are encouraged to publish their research whenever circumstances permit, whether in refereed journals or in other ways. In particular, we make it a rule that the research underlying the Bank's macroeconometric model, to which outside researchers have access through the ESRC (Economic and Social Research Council) macromodelling bureau, should be adequately explained and documented in published form. This volume expands the commitment to make research which is undertaken within the Economics Division of the Bank of England widely available. Included here are chapters which illustrate the breadth of interests which the Bank seeks to cover. Some of the research is, as would be expected, directly related to the specification of the Bank's model, but other aspects are also well represented.
Publisher: Springer Science & Business Media
ISBN: 9400904193
Category : Science
Languages : en
Pages : 277
Book Description
J. S. FLEMMING The Bank of England's role as a leading central bank involves both formal and informal aspects. At a formal level it is an adviser to HM Government, whilst at an informal level it is consulted by domestic and overseas institutions for advice on many areas of economic interest. Such advice must be grounded in an understanding of the workings of the domestic and international economy-a task which becomes ever more difficult with the pace of change both in the economy and in the techniques which are used by professional economists to analyse such changes. The Bank's economists are encouraged to publish their research whenever circumstances permit, whether in refereed journals or in other ways. In particular, we make it a rule that the research underlying the Bank's macroeconometric model, to which outside researchers have access through the ESRC (Economic and Social Research Council) macromodelling bureau, should be adequately explained and documented in published form. This volume expands the commitment to make research which is undertaken within the Economics Division of the Bank of England widely available. Included here are chapters which illustrate the breadth of interests which the Bank seeks to cover. Some of the research is, as would be expected, directly related to the specification of the Bank's model, but other aspects are also well represented.
Statistical Foundations of Econometric Modelling
Author: Aris Spanos
Publisher: Cambridge University Press
ISBN: 9780521269124
Category : Business & Economics
Languages : en
Pages : 722
Book Description
A thorough foundation in probability theory and statistical inference provides an introduction to the underlying theory of econometrics that motivates the student at a intuitive as well as a formal level.
Publisher: Cambridge University Press
ISBN: 9780521269124
Category : Business & Economics
Languages : en
Pages : 722
Book Description
A thorough foundation in probability theory and statistical inference provides an introduction to the underlying theory of econometrics that motivates the student at a intuitive as well as a formal level.
The Rational Consumer
Author: Robert Ernest Hall
Publisher: MIT Press
ISBN: 9780262081979
Category : Business & Economics
Languages : en
Pages : 212
Book Description
The Rational Consumer brings together eight articles that represent key points in the development of Robert Hall's ideas on consumption over the past two decades. Since the late 1960s, Robert Hall's research has had a significant impact on the macroeconomic study of consumer behavior. The Rational Consumer brings together eight articles that represent key points in the development of Hall's ideas on consumption over the past two decades. In his introduction, Hall puts this work into perspective, tying together his ideas and pointing to how consumer behavior should work in the future given what he has discovered.Working within the standard intertemporal models of consumption - the overlapping generations model and the infinite lifetime model - Hall's contributions to methodology have been especially important. Particularly noteworthy was his challenge to the prevalent model in which current consumption was seen as deriving from expected future income. Hall argued that consumption was, instead, based upon the actual present discounted value of future income.ContentsIntroduction - The Allocation of Wealth among the Generations of a Family that Lasts Forever - A Theory of Inheritance - The Dynamic Effects of Fiscal Policy in an Economy with Foresight - Consumption Taxes versus Income Taxes: Implications for Economic Growth - Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence - The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (with Frederic S. Mishkin) - Intertemporal Substitution in Consumption - Survey of Research on the Random Walk of Consumption - The Role of Consumption in Economic Fluctuations
Publisher: MIT Press
ISBN: 9780262081979
Category : Business & Economics
Languages : en
Pages : 212
Book Description
The Rational Consumer brings together eight articles that represent key points in the development of Robert Hall's ideas on consumption over the past two decades. Since the late 1960s, Robert Hall's research has had a significant impact on the macroeconomic study of consumer behavior. The Rational Consumer brings together eight articles that represent key points in the development of Hall's ideas on consumption over the past two decades. In his introduction, Hall puts this work into perspective, tying together his ideas and pointing to how consumer behavior should work in the future given what he has discovered.Working within the standard intertemporal models of consumption - the overlapping generations model and the infinite lifetime model - Hall's contributions to methodology have been especially important. Particularly noteworthy was his challenge to the prevalent model in which current consumption was seen as deriving from expected future income. Hall argued that consumption was, instead, based upon the actual present discounted value of future income.ContentsIntroduction - The Allocation of Wealth among the Generations of a Family that Lasts Forever - A Theory of Inheritance - The Dynamic Effects of Fiscal Policy in an Economy with Foresight - Consumption Taxes versus Income Taxes: Implications for Economic Growth - Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence - The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (with Frederic S. Mishkin) - Intertemporal Substitution in Consumption - Survey of Research on the Random Walk of Consumption - The Role of Consumption in Economic Fluctuations