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Marginal propensity to consume / Consumption function / Milton Friedman / Average propensity to consume / Macroeconomic model / Elasticity / Income / Linear regression / Intertemporal choice / Macroeconomics / Economics / Permanent income hypothesis


A retrospective on Friedman's theory of permanent income
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Document Date: 2004-09-06 18:08:40


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File Size: 175,31 KB

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Permanent Income Costas Meghir1 University College / University of Chicago / /

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similar tools / coherent applications / basic psychological law / /

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the University of Chicago / University College London / Institute for Fiscal Studies / /

Person

Harold Hotelling / Jim Heckman / James Durbin / Margaret Reid / Martin Browning / Richard Blundell / Costas Meghir / Irving Fisher / Milton Friedman / /

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model / /

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