Title: A Linear Allocation of Spending‐Power System:A Consumer Demand and Portfolio Model*
Abstract: Economic RecordVolume 52, Issue 2 p. 182-198 A Linear Allocation of Spending-Power System:A Consumer Demand and Portfolio Model* Kenneth W. Clements, Kenneth W. Clements University of ChicagoSearch for more papers by this author Kenneth W. Clements, Kenneth W. Clements University of ChicagoSearch for more papers by this author First published: June 1976 https://doi.org/10.1111/j.1475-4932.1976.tb01577.xCitations: 11 † *This paper is based on part of my Master's thesis [4], the bulk of which was written while I was employed by the Reserve Bank of Australia. I am extremely grateful to Alan Powell, my supervisor, for encouragement and inspiration; I also wish to acknowledge the help of Russel Cooper and the other members of Special Projects Section, Research Department, Reserve Bank of Australia. Anton Barten, John Chang, Bruce Crean and Ross Williams also helped. Anonymous referees made some useful suggestions. All errors are mine. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat References 1 Aigner, Dennis J., ‘On Estimation of an Econometric Model of Short-Run Bank Behaviour’, Journal of Econometrics, Vol. 1, No. 3 (October 1973), pp. 201–28. 2 Bard, Yonathan, ‘ Nonlinear Parameter Estimation and Programming; IBM Contributed Program Library 360D–13.6.003 December 1967. 3 Betancourt, Roger R., ‘ Household Behaviour in a Less Developed Country:An Econometric Analysis of Cross-Section Data,’ Department of Economics, University of Maryland August 1973 (mimeo.). 4 Clements, Kenneth W., ‘ A Linear Allocation of Spending-Power System:A Consumer Demand and Portfolio Model,’ unpublished M.Ec.thesis, Department of Econometrics and Operations Research, Monash University September 1974. 5 Merran Evans, Duncan S. Ironmonger and Alan A. Powell, ‘A Linear Expenditure System with Adjustment Costs,’ Third World Congress of the Econometric Society, Toronto . August 1975 (mimeo). 6 Cooper, R. J., ‘ A Theoretical Intertemporal Choice Model of the Household,’ Research Discussion Paper No. 35, Reserve Bank of Australia, Sydney August 1974 (mimeo.). [ 7] Friedman, Milton, ‘The Optimum Quantity of Money’. in Milton Friedman, The Optimum Quantity of Money and Other Essays, Aldine, Chicago , 1969. 7 Cooper, R. J., ‘ The Quantity Theory of Money:A Restatement’ in Friedman Milton (ed)., Studies in the Quantity Theory of Money, University of Chicago Press, Chicago , 1956. 8 Hadar, Josef, Mathematical Theory of Economic Behaviour, Addison-Wesley, Reading , Mass. , 1971. 9 Johnson, Harry G., ‘Is There an Optimal Money Supply?’, Journal of Finance, Vol. 25 (1970), pp. 435–42. 10 Johnson, Harry G. Money in a Neo-Classical One-Sector Growth Model’, in Harry G. Johnson, Essays in Monetary Economics, Allen and Unwin, London , 1967. 11 Klein, L. R. and A. Rubin, ‘A Constant Utility Index of the Cost of Living’, Review of Economic Studies, Vol. 15, No. 2 (1947), pp. 84–87. 12 Klijn, Nico, ‘ The Specification of the Extended Linear Expenditure System:Some Alternatives,’ Research School of Social Sciences, Australian National University August 1974 (mimeo.). 13 Lluch, ‘Constantino, The Extended Linear Expenditure System European Economic Review, Vol. 4, No. 1 (April 1973), pp. 21–32. 14 Mattei, Aurelio, ‘ An Intertemporal Model of Consumer Behaviour,’ Institute for Economic Research, Swiss Federal Institute of Technology 1973 (mimeo.). 15 Parkin, J. M., R. J. Cooper, J. F. Henderson and M. K. Danes, ‘ As Integrated Model of Consumption, Investment and Portfolio Decisions, ANZAAS 45th Congress, Perth August 1973 (mimeo.). 16 Patinkin, Don, Money Interest and Prices, Second Edition, Harper and Row, New York , 1966. 17 Phlips, Louis, ‘A Dynamic Version of the Linear Expenditure System’, Review of Economic Statistics, Vol. 54, No. 4 (November 1972), pp. 450–58. 18 Phlips, Louis, ‘ Transactions Demand for Money and Consumer Behaviour,’ Université Catholíque de Louvain, Working Paper No. 7412, Revised November 1974 (mimeo.). 19 Phlips, Louis, Applied Consumption Analysis, North Holland, Amsterdam , 1974. 20 Pollak, Robert A. and Terence J. Wales, ‘Estimation of the Linear Expenditure System’, Econometrica, Vol. 37, No. 4 (October 1969), pp. 611–28. 21 Powell, Alan A., ‘Aitken Estimators as a Tool in Allocating Predetermined Aggregates’, Journal of the American Statistical Association, Vol. 64, No. 327 (September 1969), pp. 913–22. 22 Powell, Alan A., ‘ The Dynamics Behind the Linear Expenditure System,’ Department of Econometrics and Operations Research, Monash University May 1974 (mimeo.). 23 Stone, Richard, ‘Linear Expenditure Systems and Demand Analysis:An Application to the Pattern of British Demand’, Economic Journal, Vol. 64 (September 1954), pp. 511–27. Citing Literature Volume52, Issue2June 1976Pages 182-198 ReferencesRelatedInformation
Publication Year: 1976
Publication Date: 1976-06-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 15
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot