Browsing by Subject "average propensity to consume"

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A note on the average propensity to consume, wealth and threshold adjustment

Holmes, Mark J.; Shen, Xin (Elsevier, 2013)

We explore the connection between the average propensity to consume (APC) and wealth to income ratio (WY) in the US. We find evidence of a long-run relationship characterised by threshold error correction. It is the APC ...