Arbeitspapier
A retrospective on Friedman's theory of permanent income
Friedman's book on the Óƒonsumption FunctionÔ is one of the great works of Economics demonstrating how the interplay between theoretical ideas and data analysis could lead to major policy implications. We present a short review of Friedman's Permanent Income Hypothesis, the origins of the idea and its theoretical foundations. We give a brief overview of its influence in modern economics and discuss some relevant empirical results and the way they relate to the original approach taken by Friedman.
- Language
-
Englisch
- Bibliographic citation
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Series: IFS Working Papers ; No. 04/01
- Classification
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Wirtschaft
History of Economic Thought: Individuals
Consumer Economics: Theory
Fiscal Policies and Behavior of Economic Agents: General
- Subject
-
Friedman
consumption function
permanent income hypothesis
Einkommenshypothese
Theorie
- Event
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Geistige Schöpfung
- (who)
-
Meghir, Costas
- Event
-
Veröffentlichung
- (who)
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Institute for Fiscal Studies (IFS)
- (where)
-
London
- (when)
-
2004
- DOI
-
doi:10.1920/wp.ifs.2004.0401
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Meghir, Costas
- Institute for Fiscal Studies (IFS)
Time of origin
- 2004
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