A MONTHLY ANALYSIS OF CONSUMER DEMAND IN THE UNITED STATES

This study estimates monthly consumer demand equations for fifteen major commodities based on data for 1947-1972. The equations are estimated within the framework of the Nerlove partial adjustment model. By extrapolating from retail sales data, it was possible to generate the consumer expenditure data needed to combine with published monthly series on income and prices to estimate a series of consumer demand equations.


Issue Date:
1976
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/13419
Total Pages:
28
Series Statement:
Staff Paper P76-25




 Record created 2017-04-01, last modified 2017-08-23

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