Items related to Understanding Consumption (Clarendon Lectures in Economics)
Synopsis
This book provides an overview of recent research on saving and consumption, a field in which substantial progress has been made over the last decade. Economists attempting 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-never separating data, theory, and policy as has happened in many branches of economics. Research has drawn microeconomists interested in household behavior, as well as macroeconomists, for whom the behavior 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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Review
There has been a veritable explosion of econometric work on consumption in recent years ... Angus Deaton has been behind some of it and is on top of all of it. There is no better way to get up to date. (Alan S. Blinder, Princeton University)
"Understanding Consumption is a masterful exposition ... not only adding to our understanding of the real world, but also revealing the excitement of the intellectual chase."Stanley Fischer
One of the many attractive features of this volume is the interplay between time-series analysis and individual data processes ... Deaton has not only provided an insightful analysis of what has been done but has also laid out a tantalizing research agenda. (Economica)
Book Description
Angus Deaton was the recipient of the 2015 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
"About this title" may belong to another edition of this title.
- PublisherClarendon Press
- Publication date1993
- ISBN 10 0198288247
- ISBN 13 9780198288244
- BindingPaperback
- LanguageEnglish
- Number of pages258
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Understanding Consumption (Clarendon Lectures in Economics)
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Clarendon Press (edition ), 1993
ISBN 10: 0198288247
ISBN 13: 9780198288244
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Understanding Consumption
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