Uji Hipotesis "Jalan-Acak" Dalam Fungsi Konsumsi
| Main Author: | Perpustakaan UGM, i-lib |
|---|---|
| Format: | Article NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2005
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/26989/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=10040 |
Daftar Isi:
- ABSTRACT This study is aimed at testing the random-walk hypothesis in the Indonesian economy consumption function. If the random-walk exists then the consumption can not be predicted sistematicaly. The study found that there was no random-walk in the Indonesian consumption function either under the assumption of constant interest rate or that of variable interest rate. Other finding is that both nominal interest rate and the rate of inflation had significant effect on the consumption. Keywords: consumption, random-walk, rational expectation, life cycle-permanent income