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Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 CHAPTER 1 consumption and saving.

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Presentation on theme: "Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 CHAPTER 1 consumption and saving."— Presentation transcript:

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2 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 CHAPTER 1 consumption and saving

3 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.1 Time-Series Consumption Functions

4 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.2 The Cross-Section Consumption Function

5 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.3 The Declining Rate of Personal Saving

6 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.4 Lifetime Budget Constraint

7 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.5 Changes in the Lifetime Budget Constraint

8 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.6 Consumption and Saving Decisions

9 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.7 A Change in the Interest Rate

10 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.8 Consumption Functions and the Permanent Income Hypothesis

11 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.9 The Life-Cycle Hypothesis

12 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.10 The Components of Saving in Canada: 1980 to 1998

13 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Figure 19.11 Saving Rates Around the World

14 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Table 19.1 The Intertemporal and Lifetime Budget Constraints

15 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Table 19.2 The Permanent Income Hypothesis

16 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Table 19.3 The Life-Cycle Hypothesis

17 Bade-Parkin: Modern Macroeconomics, 4 th Edition, © Prentice Hall Canada, 2000 Table 19.4 Marginal Propensities to Consume out of Assets and Labour Income at Various Ages


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