Journal Article
Consumption-based macroeconomic forecasting
Abstract: 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.
Keywords: Macroeconomics; Consumption (Economics);
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2005
Volume: 29
Issue: Q IV
Pages: 52-70