The Role of Consumption in Economic Fluctuations
Published Date
Copyright 1986
ISBN 0226304523
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Copy CitationRobert E. Hall, The American Business Cycle: Continuity and Change (University of Chicago Press, 1986), chap. 4, https://www.nber.org/books-and-chapters/american-business-cycle-continuity-and-change/role-consumption-economic-fluctuations.
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Published From Paper
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Working Paper
Consumption and income tend to move together; the correlation of their first differences is about 0.14. In most...
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