The determinants of savings and the specific effects of government policies on savings and consumption are pivotal forces in investment and economic growth. The Hall hypothesis states that consumption is a function of lifetime ("permanent") income, rather than income in each period independently. Changes in interest and tax rates, money supply, or government expenditure will affect permanent income and hence consumption and savings only if they are...
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INFORMATION
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1989/09/30
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Article de revue
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14199
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1
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1
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2010/07/01
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Disclosed
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Determinants of consumption and savings behavior in developing countries
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consumption
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