This book provides an overview of the recent research on saving and
consumption, a field in which substantial progress has been made over
the last decade. Attempts by economists to understand saving and
consumption patterns have generated some of the best science in
economics. For more than fifty years, there has been serious empirical
and theoretical activity, and data, theory, and policy have never been
separated as has happened in many branches of economics. Research has
drawn microeconomists interested in household behaviour, as well as
macroeconomists, for whom the behaviour of aggregate consumption has
always occupied a central role in explaining aggregate fluctuations.
Econometricians have also made distinguished contributions, and there
has been a steady flow of new methodologies by those working on saving
and consumption, in time-series econometrics, as well as in the study
of micro and panel data. A coherent account of these developments is
presented here, emphasizing the interplay between micro and the macro,
between studies of cross-section and panels, and those using aggregate
time series data.
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Produktdetaljer
ISBN
9780191521638
Publisert
2020
Utgiver
Vendor
Clarendon Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter