A time-varying parameter consumption model for the UK

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4 Citations (Scopus)

Abstract

This paper uses a time varying parameter (TVP) approach to model and forecast the aggregate consumers’ expenditure on non-durables and services in the UK. The results suggest that the TVP method is particularly useful in forecasting when the structure of the consumption model is unstable.
Original languageEnglish
Pages (from-to)339-342
Number of pages4
JournalApplied Economics Letters
Volume2
Issue number10
DOIs
Publication statusPublished - 1 Oct 1995
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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