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A bayesian look at consumption
Honohan, P
Precis: This paper assesses various possible explanations for savings behaviour in Ireland during the 1960s and 1970s. Attempts to discriminate between these rival hypotheses have been hampered by multicollinearity. This problem is tackled here by the addition of prior information along Bayesian lines, using the "contract curve" framework recently suggested by Leamer.
Keyword(s): Economics; Sociology
Publication Date:
Type: Journal article
Peer-Reviewed: Unknown
Language(s): English
Institution: Trinity College Dublin
Citation(s): P Honohan, 'A bayesian look at consumption', Economic and Social Research Institute, Economic and Social Review, Vol.13 (Issue 4), 1982, 1982, pp233-249
Publisher(s): Economic & Social Studies
First Indexed: 2014-05-13 05:21:30 Last Updated: 2018-08-12 06:13:54