Download or read book Characterizing the Failure of the Permanent Income Hypothesis written by Chulsoo Kim and published by . This book was released on 1989 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Transitory Consumption and Measurement Errors in the Permanent Income Hypothesis written by Luigi Ermini and published by . This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Understanding Consumption written by Angus Deaton and published by Clarendon Press. This book was released on 1992-10-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the recent research on saving and consumption, a field in which substantial progress has been made over the last decade. Attempts by economists to understand saving and consumption patterns have generated some of the best science in economics. For more than fifty years, there has been serious empirical and theoretical activity, and data, theory, and policy have never been separated as has happened in many branches of economics. Research has drawn microeconomists interested in household behaviour, as well as macroeconomists, for whom the behaviour of aggregate consumption has always occupied a central role in explaining aggregate fluctuations. Econometricians have also made distinguished contributions, and there has been a steady flow of new methodologies by those working on saving and consumption, in time-series econometrics, as well as in the study of micro and panel data. A coherent account of these developments is presented here, emphasizing the interplay between micro and the macro, between studies of cross-section and panels, and those using aggregate time series data.

Download or read book Imperfect Information and the Permanent Income Hypothesis written by Abhijit V. Banerjee and published by . This book was released on 1988 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bubbles Hidden State Variables and Measurement Error in Hyperinflations written by Mark Allan Hooker and published by . This book was released on 1990 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Measuring African Development written by Morten Jerven and published by Routledge. This book was released on 2016-04-14 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chief economist for the World Bank's Africa region, Shanta Devarajan, delivered a devastating assessment of the capacity of African states to measure development in his 2013 article "Africa's Statistical Tragedy". Is there a "statistical tragedy" unfolding in Africa now? If so then examining the roots of the problem of provision of statistics in poor economies is certainly of great importance. This book on measuring African development in the past and in the present draws on the historical experience of colonial French West Africa, Ghana, Sudan, Mauritania and Tanzania and the more contemporary experiences of Ethiopia and the Democratic Republic of Congo. The authors each reflect on the changing ways statistics represent African economies and how they are used to govern them. This bookw as published as a special issue of the Canadian Journal of Development Studies.

Download or read book The Microeconomics and Macroeconomics of the Permanent Income Hypothesis written by Angus Deaton and published by . This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bentsen Roth IRA written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1991 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Fundamentals of Money and Financial Systems written by Shahdad Naghshpour and published by Business Expert Press. This book was released on 2013-07-09 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is impossible to comprehend what policies the government should undertake to face the economic reality of the country. Every day we are exposed to a barrage of recommendations and mandates from the left and the right concerning what would be the appropriate course of action (or lack thereof) in order to nullify economic ills or to bring prosperity to the country. But what you and everyone needs is a fundamental basic knowledge of money. This book provides just that. It provides the necessary understanding of money and many of its functions, roles, and uses in economic theories. These theories are essential for the formulation of fiscal and monetary policies. And it is important to understand the meaning of money and be able to differentiate between basic concepts such as consumption, savings, capital, and investment. Would it make any difference, to the overall function of the economy, earnings, employment, etc., if a given sum of money is spent by an individual, a small business, a corporation, or the government? Is it good for the country if people spend money or is it better if they save it? Would it make a difference if spending originates from printing money or citizens’ savings? The answer to these and many other economic questions are at the heart of the fiscal and monetary policy that every government grapples with every day. After reading this book you will be ready to understand fiscal and monetary policies, tools, and their effectiveness.

Download or read book Explaining Consumption written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1997-05-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: A method of testing the relative importance for consumption of risk sharing behavior and changes in current income is proposed and estimated using data across Canadian provinces. The focus of the estimation is less on whether or not the risk sharing model can be rejected than on how much each of these hypotheses can contribute to explaining overall variation in consumption. Both types of behavior are found to be statistically significant, but the risk sharing model is found to explain considerably more of the growth in consumption than does changes in income.

Download or read book Nonlinearities Disequilibria and Simulation written by Kumaraswamy Velupillai and published by Springer. This book was released on 1992-06-18 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our analytical heritage in macrodynamics owes a great deal to Ragnar Frisch. The tradition of quantitative methods in economic analysis owes not a little to Frisch, Trygve, Haavelmo and Leif Johansen. These essays pay homage to Thalberg - student, friend, colleague and collaborator of that trio.

Download or read book Economic Review written by Federal Reserve Bank of San Francisco and published by . This book was released on 1997 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dynamic Macroeconomics written by George Alogoskoufis and published by MIT Press. This book was released on 2019-12-17 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: An advanced treatment of modern macroeconomics, presented through a sequence of dynamic equilibrium models, with discussion of the implications for monetary and fiscal policy. This textbook offers an advanced treatment of modern macroeconomics, presented through a sequence of dynamic general equilibrium models based on intertemporal optimization on the part of economic agents. The book treats macroeconomics as applied and policy-oriented general equilibrium analysis, examining a number of models, each of which is suitable for investigating specific issues but may be unsuitable for others. After presenting a brief survey of the evolution of macroeconomics and the key facts about long-run economic growth and aggregate fluctuations, the book introduces the main elements of the intertemporal approach through a series of two-period competitive general equilibrium models—the simplest possible intertemporal models. This sets the stage for the remainder of the book, which presents models of economic growth, aggregate fluctuations, and monetary and fiscal policy. The text focuses on a full analysis of a limited number of key intertemporal models, which are stripped down to essentials so that students can focus on the dynamic properties of the models. Exercises encourage students to try their hands at solving versions of the dynamic models that define modern macroeconomics. Appendixes review the main mathematical techniques needed to analyze optimizing dynamic macroeconomic models. The book is suitable for advanced undergraduate and graduate students who have some knowledge of economic theory and mathematics for economists.

Download or read book Improving the Measurement of Consumer Expenditures written by Christopher D. Carroll and published by University of Chicago Press. This book was released on 2015-06-16 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robust and reliable measures of consumer expenditures are essential for analyzing aggregate economic activity and for measuring differences in household circumstances. Many countries, including the United States, are embarking on ambitious projects to redesign surveys of consumer expenditures, with the goal of better capturing economic heterogeneity. This is an appropriate time to examine the way consumer expenditures are currently measured, and the challenges and opportunities that alternative approaches might present. Improving the Measurement of Consumer Expenditures begins with a comprehensive review of current methodologies for collecting consumer expenditure data. Subsequent chapters highlight the range of different objectives that expenditure surveys may satisfy, compare the data available from consumer expenditure surveys with that available from other sources, and describe how the United States’s current survey practices compare with those in other nations.

Download or read book CEPR Publication written by and published by . This book was released on 1990 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Econometrics written by J.J. Heckman and published by Elsevier. This book was released on 2001-11-22 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics. Comprehensive surveys, written by experts, discuss recent developments at a level suitable for professional use by economists, econometricians, statisticians, and in advanced graduate econometrics courses. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Download or read book Heterogeneity and Persistence in Returns to Wealth written by Andreas Fagereng and published by International Monetary Fund. This book was released on 2018-07-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their financial assets (a standard deviation of 14%) and on their net worth (a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the return by 3 percentage points - and by 17 percentage points when the same exercise is performed for the return to net worth. Fourth, wealth returns exhibit substantial persistence over time. We argue that while this persistence partly reflects stable differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are (mildly) correlated across generations. We discuss the implications of these findings for several strands of the wealth inequality debate.