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permanent income hypothesis

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Journal Article
History of Political Economy (2003) 35 (1): 77–104.
Published: 01 March 2003
... Dividend of 1950 and Consumption: A Further Test of the “Strict” Permanent Income Hypothesis. Journal of Political Economy 73 : 499 -515. Blaug, Mark. 1998 . Great Economists since Keynes . Aldershot, U.K.: Edward Elgar. Bodkin, Ronald. 1960 . Windfall Income and Consumption. In vol. 2...
Journal Article
History of Political Economy (2022) 54 (S1): 43–68.
Published: 01 December 2022
... credit to his wife and their two close friends, none received formal recognition or reward for their contribution to the permanent income hypothesis. The article documents this hypothesis as an example in professional economics of the well-known “Matilda effect,” in which women's intellectual...
Journal Article
History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
...Carlos García; Daniel Otero; Boris Salazar Abstract Hall's 1978 article titled “Stochastic Implications of the Life Cycle–Permanent Income Hypothesis” was meant to revolutionize consumption modeling. It indeed delivered, but not by becoming the dominant modeling strategy, but by unleashing...
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Journal Article
History of Political Economy (2019) 51 (3): 493–513.
Published: 01 June 2019
... . Chicago : University of Chicago Press . Chao Hsiang-Ke . 2003 . “ Milton Friedman and the Emergence of the Permanent Income Hypothesis ”. History of Political Economy 35 ( 1 ): 77 – 104 . Chao Hsiang-Ke . 2009 . Representation and Structure in Economics: The Methodology...
Journal Article
History of Political Economy (1996) 28 (3): 371–390.
Published: 01 September 1996
...,’ and Related Concepts in the Permanent Income Hypothesis. In Measurement in Economics . Edited by C. Christ et al. Stanford: Stanford University Press. Hawley , F. B. 1879a . The Ratio of Capital to Consumption. National Quarterly Review 79 ( July ): 95 -116. Hawley , F. B. 1879b...
Journal Article
History of Political Economy (1998) 30 (1): 51–94.
Published: 01 March 1998
... York: Harper and Row. Eisner , R. 1958a . On Growth Models and the Neoclassical Resurgence. Economic Journal . 67 . 272 ( December ): 707 -21. Eisner , R. 1958b . The Permanent Income Hypothesis: Comment. American Economic Review . 48 . 5 ( December ): 972 -90. Eltis , W...
Journal Article
History of Political Economy 557–578.
Published: 20 March 2019
... Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence ”. Journal of Political Economy 86 : 971 – 87 . Hansen L. 2004 . “ An Interview with Christopher Sims ”. Macroeconomic Dynamics , 8 : 273 – 294 . DOI: 10.1017.S1365100504030184 . Hendry D. F. 1980...
Journal Article
History of Political Economy (2019) 51 (5): 867–900.
Published: 01 October 2019
... , 25 – 44 . Roma : Centro Stampa Banca d’Italia . Mayer Thomas . 1972 . Permanent Income, Wealth, and Consumption: A Critique of the Permanent Income Theory, the Life-Cycle Hypothesis and Related Theories . Berkeley : University of California Press . Meade James E. 1966...
Journal Article
History of Political Economy (2019) 51 (3): 557–578.
Published: 01 June 2019
...–Permanent Income Hypothesis: Theory and Evidence ”. Journal of Political Economy 86 : 971 – 87 . Hansen L. 2004 . “ An Interview with Christopher Sims .” Macroeconomic Dynamics , 8 : 273 – 294 . doi: 10.1017.S1365100504030184 . Hansen L. P. Sargent T. J. 1980 . “ Formulating...
Journal Article
History of Political Economy (1995) 27 (Supplement): 267–271.
Published: 01 December 1995
... advances of the General Theory” (19). Now, it is well known that the permanent income hypothesis denies a key proposition of Hansen’s version of Keynesian economics, namely that “consumption is a function of income in the short run” (1 8) and hence establishes the multiplier as an unstable...
Journal Article
History of Political Economy (2008) 40 (2): 407–409.
Published: 01 June 2008
... space for only two particularly egregious examples. In his chapter 11, Ebenstein stresses that Friedman’s single most important con- tribution to economic analysis, the permanent income hypothesis, implies that the economy’s average propensity to consume remains constant as national income grows...
Journal Article
History of Political Economy (2008) 40 (2): 409–411.
Published: 01 June 2008
... important con- tribution to economic analysis, the permanent income hypothesis, implies that the economy’s average propensity to consume remains constant as national income grows over time, thus making secular stagnation less likely than “Keynesian” economics once seemed to suggest. Fair enough...
Journal Article
History of Political Economy (2008) 40 (2): 411–413.
Published: 01 June 2008
.... In his chapter 11, Ebenstein stresses that Friedman’s single most important con- tribution to economic analysis, the permanent income hypothesis, implies that the economy’s average propensity to consume remains constant as national income grows over time, thus making secular stagnation less likely...
Journal Article
History of Political Economy (2008) 40 (2): 413–414.
Published: 01 June 2008
.... In his chapter 11, Ebenstein stresses that Friedman’s single most important con- tribution to economic analysis, the permanent income hypothesis, implies that the economy’s average propensity to consume remains constant as national income grows over time, thus making secular stagnation less likely...
Journal Article
History of Political Economy (2008) 40 (2): 414–417.
Published: 01 June 2008
... space for only two particularly egregious examples. In his chapter 11, Ebenstein stresses that Friedman’s single most important con- tribution to economic analysis, the permanent income hypothesis, implies that the economy’s average propensity to consume remains constant as national income grows...
Journal Article
History of Political Economy (2008) 40 (2): 417–419.
Published: 01 June 2008
.... In his chapter 11, Ebenstein stresses that Friedman’s single most important con- tribution to economic analysis, the permanent income hypothesis, implies that the economy’s average propensity to consume remains constant as national income grows over time, thus making secular stagnation less likely...
Journal Article
History of Political Economy (2007) 39 (Suppl_1): 76–95.
Published: 01 December 2007
... is the more general fact that scholars and scientists interact, building on and responding to each other’s contributions. Milton Friedman (1957, ix) was clear, generous, and emphatic in explaining how the permanent income hypothesis of consumption emerged from intellectual exchanges among a group...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 283–308.
Published: 01 December 2011
... : 1 – 21 . Geweke J. F. Singleton K. J. . 1981 . Latent Variable Models for Time Series: A Frequency Domain Approach with an Application to the Permanent Income Hypothesis . Journal of Econometrics 17 : 287 – 304 . Gilbert C. L. 1976 . The Original Phillips Curve...
Journal Article
History of Political Economy (1980) 12 (1): 41–64.
Published: 01 March 1980
..., however, have imputed this ‘malleability’ to the physical instru- ments through the use of concepts such as ‘meccano sets’ or ‘putty clay.’ This as- sures measurability. 37. Ibid., p. 262. 38. Friedman’s permanent-income hypothesis-which relates consumption behav- ior...
Journal Article
History of Political Economy (1975) 7 (4): 399–433.
Published: 01 November 1975
... in the Keynesian research programme, from Duesenberry’s relative in- come hypothesis to Friedman’s permanent income hypothesis to Modigliani’s life-cycle theory of saving. Simultaneously, Warrod and Domar converted static Keynesian analysis into a primitive theory of growth, a development which...