Does Clower’s Dual-Decision Hypothesis lead to the change in saving conclusion in Keynes’s General Theory?
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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.
- Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters,in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
- repec:ksp:journ4:v:4:y:2017:i:3:p:283-288 is not listed on IDEAS
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, September.
- Flavin, Marjorie A, 1981. "The Adjustment of Consumption to Changing Expectations about Future Income," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 974-1009, October.
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Keywordsconsumption; martingale; savings; growth; income; trade; Clower; dual decision hypothesis; keynes;
- A10 - General Economics and Teaching - - General Economics - - - General
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- F0 - International Economics - - General
- J0 - Labor and Demographic Economics - - General
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-HIS-2017-11-05 (Business, Economic & Financial History)
- NEP-HPE-2017-11-05 (History & Philosophy of Economics)
- NEP-MAC-2017-11-05 (Macroeconomics)
- NEP-PKE-2017-11-05 (Post Keynesian Economics)
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