Weltwirtschaftliches Archiv

, Volume 121, Issue 3, pp 553–559 | Cite as

Involuntary saving, unanticipated inflation and the rationality of expectations formation: Some empirical evidence

  • Ronald MacDonald
  • David A. Peel 


There are a number of reasons why previous empirical work on the validity of the novel hypothesis of consumer behaviour outlined by Deaton must be interpreted with extreme caution.


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Copyright information

© Institut fur Weltwirtschaft an der Universitat Kiel 1985

Authors and Affiliations

  • Ronald MacDonald
  • David A. Peel 

There are no affiliations available

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