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Theory of the Consumption Function (National Bureau of Economic Research)



Год выпуска: 2008
Автор: Milton Friedman
Издательство:
Страниц: 260
ISBN: 0691138869
Описание
What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications.Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to...


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nastena08
Марина, спасибо Вам огромное за проделанную работу!!! я Вам очень признательна! Работа после вашего сопровождения понравилась!