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Hall's consumption hypothesis and durable goods--N. Gregory Mankiw
Journal of Monetary Economics
Volume 10, Issue 3, 1982, Pages 417-425

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关键词：英文论文 consumption HYPOTHESIS Economics Economic 求助 论文 英文

不知哪位能不能帮助一下，先谢谢了

Hall's consumption hypothesis and durable goods N. Gregory Mankiw
Massachusetts Institute of Technology, Cambridge, MA 02139, USA


Available online 1 April 2002.


AbstractHall shows that consumption obeys an AR(1) process if the life cycle-permanent income hypothesis is true. This paper expands Hall's framework to show that expenditure on durable goods should be ARMA(1, 1) but not AR(1). Post-war U.S. data rejects the expanded model.

s consumption hypothesis and durable goods.pdf (799.21 KB)

2009-11-1 22:01:39 上传

太谢谢了，效率啊！