The indicator of consumer confidence as an instrument to certify the permanent income hypothesis - Czech economy evidence

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86093891" target="_blank" >RIV/61989100:27510/13:86093891 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The indicator of consumer confidence as an instrument to certify the permanent income hypothesis - Czech economy evidence
Original language description
The paper is oriented on the formulation of consumption function. The Keynesian consumption function and permanent income hypothesis (PIH) are considered for determination of consumption function. The consumption spending is estimated in proportion to actual income to test the appropriateness of both approaches. The consumer confidence indicator is assumed to express the expected change in future incomes in comparison to actual situation and used as an instrument to represent the PIH effect. On the dataof Czech economy the PIH approach is shown as a more suitable.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
MEKON 2013 : the CD of participants' reviewed papers from 15th international conference : February 6-7, 2013, Ostrava
ISBN
978-80-248-2950-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
612-620
Publisher name
VŠB - Technická univerzita Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Feb 6, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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