The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Edited at Harvard University's Kennedy School of Government, The Review has ...
The Consumption Function--a "fundamental psychological law," 281.--The time-preference postulate--another "fundamental psychological law," 285.-- Is the pure interest rate already zero?
Investment is a smaller but more volatile component of GDP than consumption. Drops in investment have tended to precede recessions, consumption doesn't always drop during recessions. Consumption ...
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