منابع مشابه
Mankiw's Puzzle on Consumer Durables: A Misspecification
Tam Bang Vu Department of Economics, University of Hawaii at Manoa 2424 Maile Way, 542 Saunders Hall, Honolulu, HI 96822; [email protected] Abstract Mankiw (1982) shows that consumer durables expenditures should follow a linear ARMA(1,1) process, but the data analyzed supports an AR(1) process instead; thus, a puzzle. In this paper, we employ a more general utility function than Mankiw's quadrati...
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ژورنال
عنوان ژورنال: South African Journal of Business Management
سال: 1984
ISSN: 2078-5976,2078-5585
DOI: 10.4102/sajbm.v15i3.1121