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Date: 2001-07-18 15:42:16 Permanent income hypothesis Marginal propensity to consume Consumption function Milton Friedman Utility Economic model Income Consumption smoothing Intertemporal choice Macroeconomics Economics Precautionary savings		()* Add to Reading List Source URL: www.nber.org Download Document from Source Website File Size: 649,81 KB Share Document on Facebook

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	Identification Consider how we have analysed the consumption function. Start with a theory and this gives us the variables to use and expected signs etc Have to decide on functional form consistent with theory. Simplest DocID: 1lKj9 - View Document
	Identification Consider how we have analysed the consumption function. Start with a theory and this gives us the variables to use and expected signs etc Have to decide on functional form consistent with theory. Simplest DocID: 1lldx - View Document