A Study of the Stochastic Behavior of Durable Goods Consumption
The author of this thesis examines the stochastic behavior of durables consumption in the rational expectations/permanent income hypothesis framework. The testing in this paper parallels the studies conducted by other researchers, who basing their work mainly on quarterly data rejected the frictionl...
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| Format: | Others |
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TopSCHOLAR®
1997
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| Online Access: | http://digitalcommons.wku.edu/theses/863 http://digitalcommons.wku.edu/cgi/viewcontent.cgi?article=1866&context=theses |