View Item 

Show simple item record

Aggregate consumption behavior and the permanent income hypothesis
dc.contributor.authorMichael Orszag, J.en_US
dc.contributor.authorStaroselsky, Ilyaen_US
dc.date.accessioned2006-04-10T15:57:09Z
dc.date.available2006-04-10T15:57:09Z
dc.date.issued1993en_US
dc.identifier.citationMichael Orszag, J., Staroselsky, Ilya (1993)."Aggregate consumption behavior and the permanent income hypothesis." Economics Letters 41(2): 145-147. <http://hdl.handle.net/2027.42/31057>en_US
dc.identifier.urihttp://www.sciencedirect.com/science/article/B6V84-45D0N1J-1R/2/0b898e2d77386128c167648d390f7e2een_US
dc.identifier.urihttps://hdl.handle.net/2027.42/31057
dc.description.abstractThis paper shows that the random walk behavior of real aggregate consumption is unrelated to Hall's rational choice model. The result implies that random walk behavior of macroeconomic aggregates is something quite general which need have little relation to the optimizing behavior of individual agents.en_US
dc.format.extent114608 bytes
dc.format.extent3118 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherElsevieren_US
dc.titleAggregate consumption behavior and the permanent income hypothesisen_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumDepartment of Economics, University of Michigan, Ann Arbor, MI 48109, USAen_US
dc.contributor.affiliationotherProgram in Applied and Computational Mathematics, Princeton University, Princeton, NJ 08544, USAen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/31057/1/0000734.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1016/0165-1765(93)90188-Ien_US
dc.identifier.sourceEconomics Lettersen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


Files in this item

Name:
0000734.pdf
Size:
111.9KB
Format:
PDF
View/Open

Show simple item record

Remediation of Harmful Language

The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.

Accessibility

If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.