Chapter

Consumption, Growth, and Interest

Angus Deaton

in Understanding Consumption

Published in print October 1992 | ISBN: 9780198288244
Published online November 2003 | e-ISBN: 9780191596131 | DOI: http://dx.doi.org/10.1093/0198288247.003.0002

Series: Clarendon Lectures in Economics

 Consumption, Growth, and Interest

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Presents both theoretical and empirical evidence for the claim that growth in earnings generates higher saving (the growth‐to‐saving hypothesis). It also presents a number of theoretical and empirical models aimed at explaining the connection between interest rates and intertemporal substitution.

Keywords: growth‐to‐savings; interest rates; intertemporal substitution

Chapter.  12885 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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