The permanent income hypothesis and long-run economic stability

DOI10.1016/0022-0531(80)90049-6zbMath0436.90023OpenAlexW2037303079MaRDI QIDQ1141071

Truman F. Bewley

Publication date: 1980

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(80)90049-6

zbMATH Keywords

unique equilibriumpermanent income hypothesisexcess demand functionslong-run economic stabilitymarginal utility of money

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (4)

Open-loop and closed-loop equilibria in dynamic games with many players ⋮ A simple model of optimum life-cycle consumption with earnings uncertainty ⋮ The permanent income hypothesis and short-run price stability ⋮ The permanent income hypothesis: A theoretical formulation

Cites Work

• The permanent income hypothesis and short-run price stability
• Homothetic preferences and community excess demand functions
• Global analysis and economics. VI: Geometric analysis of Pareto optima and price equilibria under classical hypotheses
• On the equilibrium price set of an exchange economy
• The permanent income hypothesis: A theoretical formulation
• Excess demand functions
• Some Examples of Global Instability of the Competitive Equilibrium
• On the Ricci and Weingarten Maps of a Hypersurface
• The Welfare Adjustment Process: Its Stability Properties
• Market Excess Demand Functions
• A Limit Theorem on the Core of an Economy

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