Construct · 1 fields · 1 citations

rule-of-thumb consumers: a standalone construct

One name. One construct. A landmark on the map.

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Macroeconomics

households that simply spend their current income rather than planning consumption from expected lifetime resources.

In macroeconomics, rule-of-thumb consumers refers to households that simply spend their current income rather than planning consumption from expected lifetime resources. This meaning comes from Campbell (1989) in NBER Macroeconomics Annual.[1]

Unit
Recovery means
Measured by

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Nearby constructs

consumption3 fields · 5 citationsjingle · one word, three constructs current3 fields · 6 citationsjingle · one word, three constructs

References

Campbell, J. Y., & Mankiw, N. G. (1989). Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence. NBER Macroeconomics Annual, 4, 185-216. https://doi.org/10.1086/654107

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