The U.S. Personal Saving Rate

The U.S. Personal Saving Rate
This paper develops a time series model for aggregate consumption to predict the U.S. personal saving rate. It then uses the model to test whether there has been a structural break in consumption behavior because of the 2008 financial crisis. Before the crisis, the personal saving rate was trending downwards. However, in 2008 there was a... READ MORE...

Publication date: June 2018
ISBN 9781484357941
$18.00

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