Money Illusion and the Aggregate Consumption Function.
A standard result of the theory of rational consumer behavior in a static monetary economy is that a consumers demand functions for commodities are homogeneous of degree zero in prices, money income and money wealth. Economist Don Patinkin has defined this condition as the absence of money illusion....
| Publicado en: | American Economic Review Vol. 59; no. 5; pp. 832 - 850 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
American Economic Association
Dec69
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| Acceso en línea: | Ver este registro en EBSCOhost |