haku: @indexterm Macroeconomics / yhteensä: 544
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| Tekijä: | Carroll, C. |
| Otsikko: | Requiem of the representative consumer? Aggregate implications of microeconomic consumption behavior |
| Lehti: | American Economic Review
2000 : MAY, VOL. 90:2, p. 110-115 |
| Asiasana: | ECONOMICS MICROECONOMICS MACROECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | Macroeconomists pursuing microfoundations for aggregate consumption have generally adopted one of two approaches: either to model microeconomic consumption behavior carefully and then to aggregate, or to understand thoroughly the behavior of a 'representative consumer' in general equilibrium and then to introduce microeconomic risk and heterogeneity. The broad conclusion from the "bottom-up" approach has been that precautionary saving and microeconomic heterogeneity can profoundly change behavior. |
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