Blanchard's Model of Consumption: An Empirical Study

Alfred Haug

Journal of Business & Economic Statistics, 1996, vol. 14, issue 2, 169-77

Abstract: This paper derives several empirically testable implications for O. J. Blanchard's (1985) consumption model that has been widely used in analytical macroeconomic research. Cointegration methods are applied. The parameter that measures the life horizon of households is estimated and the consumption model is tested. Quarterly Canadian data are used. There is no empirical evidence against the assumption that households behave as if they live forever within Blanchard's framework. However, Blanchard's model of consumption is strongly rejected by the data.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (17)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bes:jnlbes:v:14:y:1996:i:2:p:169-77

Ordering information: This journal article can be ordered from
http://www.amstat.org/publications/index.html

Access Statistics for this article

Journal of Business & Economic Statistics is currently edited by Jonathan H. Wright and Keisuke Hirano

More articles in Journal of Business & Economic Statistics from American Statistical Association
Bibliographic data for series maintained by Christopher F. Baum ().