Deconstructing the Consumption Function: New Tools and Old Problems
Deconstructing the Consumption Function: New Tools and Old Problems
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解构消费函数：新工具与老问题
DOI：
10.2139/ssrn.294511
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发表时间：
2001
期刊：
影响因子：
--
通讯作者：
N. Lekka
中科院分区：
文献类型：
--
作者：
D. Pollock;N. Lekka
本文重新分析了英国总收入与消费之间的关系。我们的分析需要仔细检查的数据结构，我们采用了各种光谱方法，这取决于傅立叶分析的概念。我们发现，消费增长率的波动往往先于收入的波动，这与一个普遍的假设相矛盾。我们还强调了从汇总数据中发现代表消费者行为的结构方程的困难。
In this paper, we analyse anew the relationship between aggregate income and consumption in the United Kingdom. Our analysis entails a close examination of the structure of the data, for which we employ a variety of spectral methods which depend on the concepts of Fourier analysis. We discover that fluctuations in the rate of growth of consumption tend to precede similar fluctuations in income, which contradicts a common supposition. We also highlight the difficulty of uncovering from the aggregate data a structural equation representing the behaviour of consumers.