Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence

Keywords

Consumption (sociology), Economics, Autonomous consumption, Permanent income hypothesis, Rule of thumb

References

• Cross-country evidence on the permanent income hypothesisRoger C. Kormendi — 1987
• Three interest rate paradoxesRobert Barsky — 1985
• Consumption and Capital Market Imperfection: An International ComparisonTullio Jappelli, Marco Pagano — 1988
• Why is Consumption So SmoothJohn Campbell, Angus Deaton — 1989
• Economic Effects of the Government BudgetE. Helpman, A. Razin, E. Sadka — 1988
• The Determinants of the Variability of Stock Market PricesSanford J. Grossman, Robert J. Shiller — 1980
• Why is consumption less volatile than incomeLawrence J. Christiano — 1987
• The Role of Consumption in Economic FluctuationsRobert Hall — 1984
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical FrameworkLarry G. Epstein, Stanley E. Zin — 1989
• Capital Taxation and Accumulation in a Life Cycle Growth ModelLawrence H. Summers — 1981
• Risk and Return: Consumption versus Market BetaN. Gregory Mankiw, Matthew D. Shapiro — 1986
• Theory of Financial Decision MakingEduardo S. Schwartz, Jonathan E. Ingersoll — 1987
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical AnalysisLarry G. Epstein, Stanley E. Zin — 1991
• Permanent income in general equilibriumRon Michener — 1984
• The permanent income hypothesis and the real interest rateN. Gregory Mankiw — 1981
• Optimum consumption and portfolio rules in a continuous - time model Journal of Economic Theory 3Robert C. Merton — 1971
• The Distribution of the Instrumental Variables Estimator and its T-Ratiowhen the Instrument is a Poor OneCharles R. Nelson, Richard Startz — 1990
• Intertemporal Substitution in ConsumptionRobert E. Hall — 1988
• The Adjustment of Consumption to Changing Expectations About Future IncomeMarjorie Flavin — 1981
• Trends, random walks, and tests of the permanent income hypothesisN. Gregory Mankiw, Matthew D. Shapiro — 1985

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• Three essays in international macroeconomics and macroeconomicsHangyu Lee — 2008
• Return predictability and state variables in consumption-based CAPMs: International perspectivesBin Li, Benjamín Liu — 2010
• Consumption Taxation in the Savers-Spenders ModelKeiichi Morimoto — 2013
• Essays In Fiscal PolicyEdmund Lawrence Matecki — 2014
• Związki dynamiczne między konsumpcją, dochodem i aktywami : wnioski dla PolskiMagdalena Zachłód-Jelec — 2011
• Modeling the term structure of interest ratesPavol Povala — 2013
• Selecting Parameter Values for General Equilibrium Model SimulationsTimothy S. Gunning, John W. Diamond, George W. Zodrow — 2008
• WORKING PAPERS - DOCUMENT SERIESBruno Eugène, Burroughs Robert — 2003
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• Austerity versus Stimulus: A DSGE Political Economy ExplanationRichard McManus — 2013
• The Economic Value of Medical KnowledgeKevin Murphy, Robert Topel — 2001
• Euler Equation with Habits and Measurement Errors: Estimates on Russian Micro DataIrina Khvostova, Alexander Larin, Anna Novak — 2016
• Bayesian Estimation of the Canonical New Keynesian Macromodel with Informational DelaysPeter Welz — 2004
• Estimating Intertemporal Elasticity of Substitution in a Sticky Price ModelJuha Kilponen, Jouko Vilmunen, Oskari Vähämaa — 2013
• Empirical research on market efficiency with respect to accounting information: A critical survey of the literatureSteve Van Uytbergen — 2003

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