MPC

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Related to Marginal propensity to consume: Marginal propensity to save, Consumption function

MPC

(in Britain) abbreviation for
1. (Medicine) Medical Practices Committee
2. (Banking & Finance) Monetary Policy Committee (of the Bank of England)
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
It is clear that the estimated marginal propensity to consume from stock market wealth is not particularly stable.
The marginal propensity to consume for cases above the limit is [Mathematical Expression Omitted], and [Delta]F(Z)/[Delta]X is the cumulative probability of being above the limit associated with total expenditures (for calculations of the terms and their derivatives see Maddala (1983, 149-160); McDonald and Moffitt (1980)).
The marginal propensity to consume out of a deficit financed tax cut is considerably lower than the Keynesian consumption propensity proposed by Barsky, Mankiw, and Zeldes [3].
It may be that Ibn Khaldun did not think that private saving amounted to much - he only talks of hoarding - and hence put private marginal propensity to consume near one.
(7) The marginal propensity to consume leisure, C, is a less familiar concept but can be related to the income elasticity of labor supply by
Parker (1999) presents evidence to suggest that the marginal propensity to consume from wealth lies between 4 and 5 percent (for a survey of the literature on wealth and consumption, see Poterba 2000).
My results do indicate that the long-term marginal propensity to consume out of wealth declined somewhat during the 1990s, as suggested in Poterba (2000).
Krugman argues that not enough economic integration has been achieved to change two facts: (1) Citizens of each nation have a much higher marginal propensity to consume the goods they themselves produce than do citizens of other countries; and (2) the prices of each nation's labor and goods are sticky in domestic currency.
The larger change in income causes further increased consumption demand (given a positive marginal propensity to consume) and this pushes up investment once again (via the accelerator), and so on.
But given the conventional wisdom that the marginal propensity to consume out of wealth is between 3 and 6 cents on the dollar (see, for example, Davis and Palumbo 2001), the decline in household net worth alone would predict an increase in the saving rate on the order of 4 to 8 percentage points--much higher than the realized increase.
'Keynes offers no equilibrium theory of the level of consumption, and his claim that the marginal propensity to consume is less than unity is the simple corollary of the existence of a market value for output' (p.
to increase their consumption as their income increases, but not by as much as the increase in their income" - i.e., the "marginal propensity to consume" is less than unity.(7)

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