Consumer Horizon
Further Evidence
Bibliographic Data
| ID | 10178433 |
|---|---|
| Authors | Khan A Mohabbat, Evangelos Otto Simos |
| Year | 1977 |
| Volume | 85 |
| Issue | 4 |
| Pages | 851-858 |
| Publication date | 1977-08-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260604 |
| OpenAlex | W2008765914 |
| Language | EN |
| Citations received | 3 |
| References cited | 5 |
This paper provides new evidence on consumer subjective discount rate and the consumer horizon. Deriving the subjective interest rate for the United States, directly from total private wealth, the findings support Friedman's contention of a 3-year average horizon. Using the varying parameter method of estimation, a time series of factor of proportionality has been constructed and its behavior analyzed over the sample period 1929-69. Finally, the correlation between the permanent elements, permanent and transitory elements, and the transitory elements is verified. The results overwhelmingly support Friedman
Econometrics · Economics · Estimation · Horizon · Interest rate · Monetary economics · Sample (material · Time horizon · Economic theories and models · Finance · Housing Market and Economics · Mathematics · Monetary Policy and Economic Impact
| Citations per year | 0.06 |
|---|---|
| Citation span | 1978 - 1984 (7) |
| Highly cited | No |