Consumption-based macroeconomic forecasting

Jeffrey Campbell and Spencer Krane

Economic Perspectives, 2005, vol. 29, issue Q IV, 52-70

Abstract: The authors build a small-scale econometric model based on the permanent income theory of consumption and balanced economic growth in order to study the influence of permanent and transitory factors on the level of economic activity.

Keywords: Macroeconomics; Consumption (Economics) (search for similar items in EconPapers)
Date: 2005
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