Personal sector expenditure and portfolio decisions : an integrated model

書誌事項

Personal sector expenditure and portfolio decisions : an integrated model

M.J. Buckle

Avebury, c1991

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注記

Includes bibliographical references (p. 208-216)

内容説明・目次

内容説明

This is a description of an integrated econometric model of household expenditure and portfolio behaviour. It considers first, the theoretical background to modelling consumption and portfolio behaviour. This is followed by a survey of previous empirical work on modelling such behaviour. The problems of using Personal Sector in the modelling process are then discussed and this is followed by an examination of time series plots of the data. The specification of the model to be estimated in this study is outlined and the results from estimating the model are discussed. The integrated nature of the model makes is useful as a basis for policy simulations and one policy question which is examined is whether imposing direct controls on lending is more effective at controlling the expansion of credit than raising interest rates.

目次

  • Theoretical background
  • modelling households consumption and portfolio decisions
  • issues in constructing the data set
  • discussions of trends in the data
  • estimation of the model
  • simulation experiments.

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