Research Discussion Paper – RDP 8808 Consumption and Permanent Income: The Australian Case
October 1988
- Abstract
- Download the Paper 865KB
Contents
- Introduction
- Testable Implications of the Life Cycle Model
- Empirical Results
- Conclusion
- References
- Appendix A Time Series Properties of the Data
- Appendix B Data Sources and Construction
Endnote
This paper has benefitted substantially from discussions with Graham Elliott. We also thank Malcolm Edey, Luigi Ermini, Dirk Morris, Rob Trevor and participants at the Sydney Money/Macro Workshop and Reserve Bank Seminar for helpful comments and Paul Kitney for assistance. The views expressed are those of the authors and should not be interpreted as the views of the Reserve Bank of Australia. [*]