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A time-varying parameter consumption model for the UK

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  • Haiyan Song

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.

Suggested Citation

  • Haiyan Song, 1995. "A time-varying parameter consumption model for the UK," Applied Economics Letters, Taylor & Francis Journals, vol. 2(10), pages 339-342.
    • Handle: RePEc:taf:apeclt:v:2:y:1995:i:10:p:339-342
    DOI: 10.1080/758518984
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    References listed on IDEAS

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