A Teoria da Renda Permanente e os Movimentos Estocásticos do Consumo

Francisco Cribari Neto

Brazilian Review of Econometrics, 1989, vol. 9, issue 2

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.

Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://periodicos.fgv.br/bre/article/view/3076 (text/html)

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:sbe:breart:v:9:y:1989:i:2:a:3076

Access Statistics for this article

Brazilian Review of Econometrics is currently edited by Daniel Monte

More articles in Brazilian Review of Econometrics from Sociedade Brasileira de Econometria - SBE Contact information at EDIRC.
Bibliographic data for series maintained by Núcleo de Computação da FGV EPGE ().