The marginal propensity to save and the marginal propensity to consume are both measurements relative to the amount of expendable income in the budget of individuals and businesses alike. The ...

This paper provides a theoretically plausible model to explain the equation of exchange, deriving it from an agent's utility maximization problem and the profit maximizing behavior of a competitive ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

This is a preview. Log in through your library . Journal Information The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Edited at ...