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Original Articles

An alternative approximation to consumer durables expenditures

Pages 643-646 | Published online: 11 Jul 2007

References

  • Campbell , J and Mankiw , NG . 1989 . Consumption, income, and interest rates: reinterpreting the time series evidence . NBER Macroeconomic Annuals 1989 , 4 : 185 – 215 .
  • Hall , RE . 1978 . Stochastic implications of life cycle-permanent income hypothesis: theory and evidence . The Journal of Political Economy , 86 : 971 – 87 .
  • Hansen , LP and Singleton , KJ . 1983 . Stochastic consumption, risk aversion, and temporal behaviour of asset returns . The Journal of Political Economy , 91 : 249 – 65 .
  • Mankiw , NG . 1982 . Hall's consumption hypothesis and durable goods . Journal of Monetary Economics , 10 : 417 – 25 .
  • Park , C and Lim , PF . 2004 . Excess sensitivity of consumption, liquidity constraints, and mandatory saving . Applied Economics Letters , 11 : 771 – 4 .
  • Rao , B . 2005 . Testing Hall's permanent income hypothesis for a developing country: the case of Fiji . Applied Economics Letters , 12 : 245 – 8 .

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