Are Consumers Forward-Looking?
This paper investigates the stability of households' consumption behaviour in France through a prcedure of discriminating between feedback and feedforward models connected to the notions of encompassing in invariance initially proposed by Hendry (1988).
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|Date of creation:||2001|
|Date of revision:|
|Contact details of provider:|| Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France|
Phone: + 33 44 07 81 00
Fax: + 33 1 44 07 83 01
Web page: http://cermsem.univ-paris1.fr/
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