SIVRI, Ugur; ERYUZLU, Hakan - In: Istanbul University Econometrics and Statistics e-Journal 11 (2010) 1, pp. 90-99
Consumption expenditures is one of the most important economic variables. So there are too many hypotheses about form of consumption expenditures in macroeconomics. Among them Hall’s model suggests that consumption expenditures follow random walk. In this study Hall’s Rational...