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Consumption-based macroeconomic forecasting Author info | Abstract | Publisher info | Download info | Related research | Statistics Jeffrey R. Campbell
Spencer Krane
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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.
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Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives .
Volume (Year): (2005)
Issue (Month): Q IV ()
Pages: 52-70
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Keywords: Macroeconomics ; Consumption (Economics) ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Jonas D. M. Fisher, 2006.
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"Estimating Potential Output as a Latent Variable ,"
Journal of Business & Economic Statistics ,
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James H. Stock & Mark W. Watson, 2002.
"Has the Business Cycle Changed and Why? ,"
NBER Working Papers
9127, National Bureau of Economic Research, Inc.
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Other versions: Sims, Christopher A, 1980.
"Macroeconomics and Reality ,"
Econometrica ,
Econometric Society, vol. 48(1), pages 1-48, January.
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Hansen, Lars Peter, 1982.
"Large Sample Properties of Generalized Method of Moments Estimators ,"
Econometrica ,
Econometric Society, vol. 50(4), pages 1029-54, July.
[Downloadable!] (restricted)
Jeffrey R. Campbell & Zvi Hercowitz, 2005.
"The Role of Collateralized Household Debt in Macroeconomic Stabilization ,"
NBER Working Papers
11330, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Robert E. Hall, 2005.
"Separating the Business Cycle from Other Economic Fluctuations ,"
NBER Working Papers
11651, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 1998.
"Monetary Policy Shocks: What Have We Learned and to What End? ,"
NBER Working Papers
6400, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 1997.
"Monetary policy shocks: what have we learned and to what end? ,"
Working Paper Series, Macroeconomic Issues
WP-97-18, Federal Reserve Bank of Chicago.
Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999.
"Monetary policy shocks: What have we learned and to what end? ,"
Handbook of Macroeconomics ,
in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148
Elsevier.
[Downloadable!] (restricted) James A. Kahn & Margaret M. McConnell & Gabriel Perez-Quiros, 2002.
"On the causes of the increased stability of the U.S. economy ,"
Economic Policy Review ,
Federal Reserve Bank of New York, issue May, pages 183-202.
[Downloadable!]
Cochrane, John H, 1994.
"Permanent and Transitory Components of GNP and Stock Prices ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 109(1), pages 241-65, February.
[Downloadable!] (restricted)
Robert E. Hall, 2005.
"Separating the business cycle from other economic fluctuations ,"
Proceedings ,
Federal Reserve Bank of Kansas City, issue Aug, pages 133-179.
[Downloadable!]
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