This paper presents a theoretical model of consumption behavior that synthesizes the seminal contributions of Keynes (1936), Friedman (1956) and Duesenberry (1948). The model is labeled a
The Relative Income Theory of Consumption: A Synthetic Keynes-Duesenberry-Friedman Model
- Type of publication: Working Paper
- Research or In The Media: Research
- Research Area: Finance, Jobs & Macroeconomics
- Publication Date: 2008-04-13
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- Show in Front Page Modules: Yes
- JEL Codes: E3
