Keynesian consumption function of the us economy


1. Please go to a standard Macroeconomics text, and determine the factors that would be included in a Keynesian consumption function of the US economy;

2. Once you have a list of the variables needed to estimate the consumption function, go to a government website (ie, whitehouse.gov, nber.gov) to obtain at least 30 years of data for each variable;

3. Run a linear regression of these data, using Excel, SPSS or Minitab;

4. Include a short description of your assumptions, if any; and the reasons for your conclusions.

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