4 edition of **The time-series properties of aggregate consumption** found in the catalog.

The time-series properties of aggregate consumption

Ricardo Reis

- 78 Want to read
- 13 Currently reading

Published
**2005**
by Woodrow Wilson School of Public and International Affairs in [Princeton, NJ]
.

Written in English

**Edition Notes**

Statement | Ricardo Reis. |

Series | Discussion papers in economics / Woodrow Wilson School of Public and International Affairs ;, no. 233, Discussion papers in economics (Woodrow Wilson School of Public and International Affairs : Online) ;, no. 233 |

Contributions | Woodrow Wilson School of Public and International Affairs. |

Classifications | |
---|---|

LC Classifications | HB1 |

The Physical Object | |

Format | Electronic resource |

ID Numbers | |

Open Library | OL3477933M |

LC Control Number | 2005617806 |

It is shown that the presence of adjustment costs of changing durables stocks may substantially affect the time series properties of both components of expenditure under the PIH. However, econometric tests based on this model do not contradict earlier rejections of the PIH in aggregate . Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of.

We develop a Keynesian model of aggregate consumption. Our theory emphasizes the importance of the relative income hypothesis and debt finance for understanding household consumption behavior. It is shown that particular importance attaches to how net debtor households service their debts, and that the treatment of debt-servicing commitments Cited by: Understanding Consumption (Clarendon Lectures in Economics): and those using aggregate time series data. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device : Angus Deaton.

The Advanced Macroeconomics book is useful to policy makers, planners, industry and academicians. Download free textbooks as PDF or read online. Less than 15% adverts. Dr. Sanjay Rode has completed his PhD from Department of Economics, University of Mumbai in His area of research interest is Development Economics/5(76). This book, and its companion volume in the Econometric Society Monographs series (ESM number 32), present a collection of papers by Clive W.J. Granger. His contributions to economics and econometrics, many of them seminal, span more than four decades and touch on all aspects of time series analysis. The papers assembled in this volume explore topics in .

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THE TIME-SERIES PROPERTIES OF AGGREGATE CONSUMPTION: IMPLICATIONS FOR THE COSTS OF FLUCTUATIONS Ricardo Reis Columbia University Abstract The properties of the stochastic process followed by aggregate consumption affect the esti-mates of the costs of fluctuations.

This paper pursues two approaches to modeling consumption. The properties of the stochastic process followed by aggregate consumption affect the estimates of the costs of fluctuations. This paper pursues two approaches to modeling consumption dynamics and measuring how much society dislikes fluctuations, one Cited by: While this is typically ignored, the properties of the stochastic process followed by aggregate consumption affect the estimates of the costs of fluctuations.

This paper pursues two approaches to modelling aggregate consumption dynamics and to measuring how much society dislikes fluctuations, one statistical and one by: Get this from a library. The time-series properties of aggregate consumption: implications for the costs of fluctuations. [Ricardo Reis; National Bureau of Economic Research.].

The time-series properties of aggregate consumption: implications for the costs of fluctuations. [Ricardo Reis; National Bureau of Economic Research.] -- "While this is typically ignored, the properties of the stochastic process followed by aggregate consumption affect the estimates of the costs of fluctuations.

The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuation Ricardo Reis. NBER Working Paper No. Issued in May NBER Program(s):Economic Fluctuations and Growth, Monetary Economics. Ricardo Reis, "The time-series properties of aggregate consumption: implications for the costs of fluctuations," Working PapersPrinceton University, Woodrow Wilson School of Public and International Affairs, Discussion Papers in Economics.

THE TIME-SERIES PROPERTIES OF AGGREGATE CONSUMPTION: IMPLICATIONS FOR THE COSTS OF FLUCTUATIONS Ricardo Reis Columbia University Abstract The properties of the stochastic process followed by aggregate consumption affect the perpursuestwoapproachestomodelingconsumption.

Download Citation | The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuation | While this is typically ignored, the properties of the stochastic process.

The time-series properties of aggregate consumption: implications for the costs of fluctuations. The paper finds that the persistence of consumption is a crucial determinant of these costs and that the high persistence in the data severely distorts conventional measures.

It shows how to compute valid estimates and confidence : Ricardo Reis. The properties of a time series may be modeled in terms of the following components or factors.

Most time series contain one or more of the following: Trend component Seasonal component Cyclical component Irregular component Trend component A trend is a long-run increase or decrease in a time series.

As an example, gold prices over [ ]. The statistical approach estimates the properties of consumption and calculates the cost of having consumption fluctuating around its mean growth.

The paper finds that the persistence of consumption is a crucial determinant of these costs and that the high persistence in the data severely distorts conventional by: The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuation.

The statistical approach estimates the properties of consumption and calculates the cost of having consumption fluctuating around its mean growth.

The paper finds that the persistence of consumption is a crucial determinant of these costs and Author: Ricardo Reis. The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuation While this is typically ignored, the properties of the stochastic process followed by aggregate consumption affect the estimates of the costs of fluctuations.

Consistent with our analysis of an aggregate consumption externality, suppose that each firm considers only the private cooling properties of water when deciding how much to use. It ignores the external heat affect, not only on all others but also on itself.

Under this assumption, the government can achieve pareto-optimal condition () by retaining a decentralized market. The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuations Ricardo Reis NBER Working Paper No.

April JEL No. E32, E21, E60 ABSTRACT While this is typically ignored, the properties of the stochastic process followed by aggregate consumption the estimates of the costs of fluctuations.

Other articles where Aggregate consumption is discussed: consumption: Macroeconomists are interested in aggregate consumption for two distinct reasons. First, aggregate consumption determines aggregate saving, because saving is defined as the portion of income that is not consumed.

Because aggregate saving feeds through the financial system to create the. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): While this is typically ignored, the properties of the stochastic process followed by aggregate consumption the estimates of the costs of fluctuations.

This paper pursues two approaches to modelling aggregate consumption dynamics and to measuring how much society dislikes fluctuations. Consumption, Aggregate Wealth, and Expected Stock Returns.

Martin Lettau. This paper studies the role of fluctuations in the aggregate consumption–wealth ratio for predicting stock returns. Forecasting Financial Time Series with Multiple Kernel Learning, Advances in Computational Intelligence, /_16, ().

Forecasting Aggregate Period-Specific Birth Rates: The Time Series Properties of a Microdynamic Neoclassical Model of Fertility. consumption function. At the same time, the range of experience of the last dozen years has been great enough to hold out the hope of getting some answers from aggregate data.

This seems, therefore, an auspicious time to take a fresh, and unabashedly empirical, look at the time series consumption function. Questions Raised by Modern Research.The book represents a fundamental critique of the aggregate production function and will be of interest to all macroeconomists.

Contents: Prologue: 'Not Even Wrong' Introduction 1. Some Problems with the Aggregate Production Function by: comoves more (less) with aggregate consumption than aggregate consumption itself.

For an asset with positive (negative) Dur, its cash flow duration is higher (lower) than the duration of the aggregate consumption portfolio. By construc-tion, the aggregate consumption portfolio will have zero Cov and Dur and will have an expected return equal to.