Using the permanent income hypothesis for forecasting
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
- Robert G. King, 1995. "Quantitative theory and econometrics," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 53-105.
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, March.
- Fisher, Irving, 1907. "The Rate of Interest," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number fisher1907.
- Hansen, Lars Peter & Singleton, Kenneth J, 1982. "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models," Econometrica, Econometric Society, vol. 50(5), pages 1269-1286, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Leonard I. Nakamura & Tom Stark, 2005.
"Benchmark revisions and the U.S. personal saving rate,"
Working Papers
05-6, Federal Reserve Bank of Philadelphia.
- Leonard I. Nakamura & Tom Stark, 2006. "Bench Mark Revisions and the U.S. Personal Saving Rate," 2006 Meeting Papers 123, Society for Economic Dynamics.
- Kevin Moran & Veronika Dolar, 2002. "Estimated DGE Models and Forecasting Accuracy: A Preliminary Investigation with Canadian Data," Staff Working Papers 02-18, Bank of Canada.
- Riccardo Corradini, 2005.
"An Empirical Analysis of Permanent Income Hypothesis Applied to Italy using State Space Models with non zero correlation between trend and cycle,"
Computing in Economics and Finance 2005
28, Society for Computational Economics.
- Riccardo Corradini, 2005. "An Empirical Analysis of Permanent Income Hypothesis Applied to Italy using State Space Models with non zero correlation between trend and cycle," Econometrics 0509009, University Library of Munich, Germany.
- Lin Guo & Dongliang Zhang, 2019. "EC-Structure: Establishing Consumption Structure through Mining E-Commerce Data to Discover Consumption Upgrade," Complexity, Hindawi, vol. 2019, pages 1-8, March.
- Mary G. Finn, 1995. "Is \\"high\\" capacity utilization inflationary?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 1-16.
- Kim, Kunhong & Hall, Viv B. & Buckle, Robert A., 2006. "Consumption-smoothing in a small, cyclically volatile open economy: Evidence from New Zealand," Journal of International Money and Finance, Elsevier, vol. 25(8), pages 1277-1295, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Attanasio, Orazio P., 1995.
"The intertemporal allocation of consumption: theory and evidence,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 42(1), pages 39-56, June.
- Orazio P. Attanasio, 1994. "The Intertemporal Allocation of Consumption: Theory and Evidence," NBER Working Papers 4811, National Bureau of Economic Research, Inc.
- Grigoli, Francesco & Herman, Alexander & Schmidt-Hebbel, Klaus, 2018. "Saving in the world," World Development, Elsevier, vol. 104(C), pages 257-270.
- Mervyn A. King, 1983. "The Economics of Saving," NBER Working Papers 1247, National Bureau of Economic Research, Inc.
- Cepii & Cepremap, 2001. "MARMOTTE : a Multinational Model," Working Papers 2001-15, CEPII research center.
- Gesteira Costa, Marcos & Carrasco-Gutierrez, Carlos Enrique, 2015.
"Testing the Optimality of Consumption Decisions of the Representative Household: Evidence from Brazil,"
Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 69(3), September.
- Gesteira, Marcos & Carrasco Gutierrez, Carlos Enrique, 2015. "Testing the Optimality of Consumption Decisions of the Representative Household: Evidence from Brazil," MPRA Paper 66068, University Library of Munich, Germany, revised 2015.
- Banks, James & Blundell, Richard & Tanner, Sarah, 1995. "Consumption growth, saving and retirement in the U.K," Ricerche Economiche, Elsevier, vol. 49(3), pages 255-275, September.
- Brunila, Anne, 1997. "Current income and private consumption : Saving decisions : Testing the finite horizon model," Research Discussion Papers 6/1997, Bank of Finland.
- Olivier Allais & Loic Cadiou & Stéphane Dees, 2001. "Defining Consumption Behaviour in a Multi-Country Model," Working Papers 2001-02, CEPII research center.
- Cheng K. Wu, 1997. "New Result in Theory of Consumption: Changes in Savings and Income Growth," Macroeconomics 9706007, University Library of Munich, Germany.
- Alessie, R.J.M. & Kapteyn, A.J., 1986.
"Consumption, savings and demography,"
Research Memorandum
FEW 238, Tilburg University, School of Economics and Management.
- Alessie, R.J.M. & Kapteyn, A.J., 1990. "Consumption, savings and demography," Other publications TiSEM 5031650c-e758-41c7-8069-6, Tilburg University, School of Economics and Management.
- Alessie, R.J.M. & Kapteyn, A.J., 1986. "Consumption, savings and demography," Other publications TiSEM b2405438-482f-4af2-9031-0, Tilburg University, School of Economics and Management.
- Kotlikoff, Laurence J, 1984.
"Taxation and Savings: A Neoclassical Perspective,"
Journal of Economic Literature, American Economic Association, vol. 22(4), pages 1576-1629, December.
- Laurence J. Kotlikoff, 1984. "Taxation and Savings - A Neoclassical Perspective," NBER Working Papers 1302, National Bureau of Economic Research, Inc.
- repec:zbw:bofrdp:1997_006 is not listed on IDEAS
- Miron, Jeffrey A, 1986.
"Seasonal Fluctuations and the Life Cycle-Permanent Income Model of Consumption,"
Journal of Political Economy, University of Chicago Press, vol. 94(6), pages 1258-1279, December.
- Jeffrey A. Miron, 1986. "Seasonal Fluctuations and the Life Cycle-Permanent Income Model of Consumption," NBER Working Papers 1845, National Bureau of Economic Research, Inc.
- Alice Martini & Luca Spataro, 2022. "The contribution of Carlo Casarosa on the forerunners of the life cycle hypothesis by Franco Modigliani and Richard Brumberg," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(1), pages 71-101, March.
- Normandin, Michel, 1993.
"Épargne de précaution et revenu de travail incertain : un survol de la littérature,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 69(4), pages 347-364, décembre.
- Michel Normandin, 1992. "Épargne de précaution et revenu de travail incertain: un survol de la littérature," Cahiers de recherche CREFE / CREFE Working Papers 9, CREFE, Université du Québec à Montréal.
- Li, Zhimin & Ligon, Ethan, 2020.
"Inferring informal risk-sharing regimes: Evidence from rural Tanzania,"
Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 941-955.
- Li, Zhimin & Ligon, Ethan, 2020. "Inferring informal risk-sharing regimes: Evidence from rural Tanzania," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt50f6t3fh, Department of Agricultural & Resource Economics, UC Berkeley.
- Brunila, Anne, 1997. "Current income and private consumption: Saving decisions: Testing the finite horizon model," Bank of Finland Research Discussion Papers 6/1997, Bank of Finland.
- Laurence Bloch & Françoise Maurel, 1991. "Consommation-revenu permanent : un regard d'économètre," Économie et Prévision, Programme National Persée, vol. 99(3), pages 113-144.
- Youngjae Lim & Robert Townsend, 1998.
"General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 59-118, January.
- Lim, Y. & Townsend, R.M., 1997. "General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies," Papers 9716, Centro de Estudios Monetarios Y Financieros-.
- Einian, Majid & Nili, Masoud, 2016. "Consumption Smoothing and Borrowing Constraints: Evidence from Household Surveys of Iran," MPRA Paper 72461, University Library of Munich, Germany.
- Marjorie A. Flavin, 1991. "The Joint Consumption/Asset Demand Decision: A Case Study in Robust Estimation," NBER Working Papers 3802, National Bureau of Economic Research, Inc.
More about this item
Keywords
Forecasting; Income; Saving and investment;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedreq:y:1995:i:win:p:49-63. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Pascasio (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.