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A Teoria da Renda Permanente e os Movimentos Estocásticos do Consumo
| Content Provider | Semantic Scholar |
|---|---|
| Author | Neto, Francisco Cribari |
| Copyright Year | 1989 |
| Abstract | In this paper we present the discussion about the stochastic implications af the Permanent Income Theory. It is shown that consumption must follow a random walk with drift if the theory is true. An empirical investigation of consumption in USA and Canada shows that we can reject the Keynesian Theory and cannot reject the Permanent Income Theory. However, we find that the intertemporal nature of consumption is stronger than predicted by the Permanent Income Theory. |
| Starting Page | 183 |
| Ending Page | 210 |
| Page Count | 28 |
| File Format | PDF HTM / HTML |
| DOI | 10.12660/bre.v9n21989.3076 |
| Volume Number | 9 |
| Alternate Webpage(s) | http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/download/3076/1970 |
| Alternate Webpage(s) | https://doi.org/10.12660/bre.v9n21989.3076 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
