Are Consumers Forward-Looking?

M. Podevin

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: This paper investigates the stability of households' consumption behaviour in France through a prcedure of discriminating between feedback and feedforward models connected to the notions of encompassing in invariance initially proposed by Hendry (1988).

Keywords: CONSUMPTION; ECONOMIC MODELS; ECONOMETRICS (search for similar items in EconPapers)
JEL-codes: C20 C22 C32 E21 E62 H31 (search for similar items in EconPapers)
Date: 2001

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Persistent link: http://EconPapers.repec.org/RePEc:fth:pariem:2001.22

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