An Investigation into Rule of Thumb Behaviour in New Zealand

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Title

An Investigation into Rule of Thumb Behaviour in New Zealand

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Description

In recent times, macroeconomic models have begun to describe aggregate consumer and firm behaviour by allowing some proportion to behave in a rule of thumb manner. This dissertation attempts to address two main issues that are concurrent in the literature. First I test for the proportion of aggregate behaviour that deviates from Classical consumer allocation theory and New Keynesian firm pricing theory in New Zealand. Rule of thumb consumers are assumed to consume out of current income as opp...

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Date created

10 Nov, 2021

Creator

Malanchak, Adam

URL

https://figshare.com/articles/thesis/An_Investigation_into_Rule_of_Thumb_Behaviour_in_New_Zealand...

Related subjects

DSGE / Forward looking theory / Firm pricing theory / Rule of thumb behavior / School: School of Economics and Finance / 149999 Economics not elsewhere classified / Marsden: 340208 Macroeconomics (incl. Monetary and Fiscal Theory) / Degree Discipline: Economics / Degree Level: Masters / Degree Name: Master of Commerce and Administration / Economics not elsewhere classified

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