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

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

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