RATIONAL-EXPECTATIONS, SAVING AND ANTICIPATED CHANGES IN INCOME - EVIDENCE FROM MALAYSIA AND SINGAPORE

被引：1

作者：

GAN, WB ^{[1
]}

SOON, LY ^{[1
]}

机构：

[1] NANYANG TECHNOL UNIV,SINGAPORE,SINGAPORE

来源：

JOURNAL OF MACROECONOMICS | 1994年 / 16卷 / 01期

关键词：

D O I：

10.1016/0164-0704(94)90049-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper tests a version of the rational expectation permanent income hypothesis model for Malaysia and Singapore. The empirical results indicate that current saving correctly anticipates future changes in income. However, the test results also show that changes in consumption are predictable on the basis of known information. In addition, actual consumption in both countries are ''excessively sensitive'' to fluctuations in current income.

引用

页码：157 / 170

页数：14

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