Ain't Misbehavin' - Capricious Consumption or Permanent Income?

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Chapter 6 in Challenging Time Series, 1999, pp 77-113 from Edward Elgar Publishing

Abstract: This unorthodox book derives and tests a simple theory of economic time series using several well-known empirical economic puzzles, from stock market bubbles to the failure of conventional economic theory, to explain low levels of inflation and unemployment in the US.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 1999
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