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Permanent income hypothesis / Marginal propensity to consume / Consumption function / Milton Friedman / Random walk model of consumption / Utility / Economic model / Income / Consumption smoothing / Macroeconomics / Economics / Precautionary savings


NBER Final Draft A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version) Christopher D. Carroll†
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Document Date: 2001-08-07 11:48:46


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File Size: 536,63 KB

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Johns Hopkins University / The Johns Hopkins University / /

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certainty equivalent solutions / foresight solution / explicit solutions / computational algorithm / explicit solution / numerical solutions / /

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The Johns Hopkins University / Department of Economics / NBER / Johns Hopkins University / /

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Milton Friedman / Carl Christ / Christopher D. Carroll / /

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author / model / Rt / /

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Mathematica / /

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Journal of Economic Perspectives / /

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GPS / simulation / computational algorithm / /

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www.econ.jhu.edu/people/carroll / /

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